The partnership will help foster innovation, research and development activities in the field of fertilizers, particularly for the Indian market

National, December 03, 2024: Coromandel International Limited (CIL), one of India's leading agri-input companies, and the International Fertilizer Development Center (IFDC), a globally renowned non-profit organization based in the US, have signed a strategic Master Research Agreement to foster innovation and sustainability in fertilizer development.

The collaboration marks a significant step towards addressing critical challenges in agriculture by introducing next-generation fertilizers aimed at enhancing nutrient efficiency, improving crop productivity, and reducing environmental impact. The agreement brings together CIL's extensive market reach and advanced R&D facilities with IFDC's global expertise in fertilizer research and production technologies.
Key Areas of Collaboration
Coromandel International is actively pursuing the development of new and efficient fertilizers at its three state-of-the-art R&D centers located in Vishakhapatnam, IIT Bombay, and Coimbatore. These efforts aim to bring innovative solutions to the Indian market, empowering farmers with advanced products that enhance productivity while promoting soil health.
IFDC, with its cutting-edge research facilities in Muscle Shoals, Alabama, USA, has been a pioneer in developing advanced fertilizers and technologies. Looking ahead, IFDC plans to establish similar facilities in India, further strengthening the collaborative ecosystem for fertilizer innovation.
Announcing the partnership, Mr. S Sankarasubramanian, Managing Director & CEO, Coromandel International Limited, said, "As a farmer-first company, Coromandel is deeply committed to driving innovation that enhances soil health and boosts crop productivity. This Master Research Agreement with IFDC represents a significant step in our journey toward sustainable agricultural solutions. By combining our efforts with IFDC's globally recognized expertise in fertilizer development and production technologies, we aim to deliver impactful innovations that improve productivity and reduce input costs for farmers."
Commenting on the partnership, Mr. Henk van Duijn, President and CEO, IFDC, added, "We are excited to collaborate with Coromandel International to innovate and develop efficient, environmentally sustainable fertilizers tailored for India. With its vast agricultural landscape, India holds immense significance for IFDC. Our plans to establish a Fertilizer Innovation Center in the country will further strengthen our commitment by enabling dedicated research to address India's unique agricultural needs in collaboration with companies such as Coromandel."

About Coromandel
Coromandel International Limited is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. These include Fertiliser, Crop Protection, Bio Products, Specialty Nutrients and Organic businesses. The Company is 2nd largest manufacturer and marketer of Phosphatic fertiliser in India. The Company's Crop Protection products are marketed in India as well as in international geographies, offering wide range of technical and formulation products. The Specialty Nutrients business of the Company focuses on water soluble fertiliser, secondary & micronutrients and nano fertiliser products. The Company is leading marketer of Organic fertiliser in India. The Bio Products business of the company focusses on plant extractions for various applications. It also operates a network of around 750+ rural retail outlets across Andhra Pradesh, Telangana, Karnataka and Tamil Nadu. Through these Retail outlets, the Company offers agri inputs and farming services including crop advisory, soil testing and farm mechanization to around 3 million farmers. The Company has 7 R&D centers and a strong Regulatory setup, supporting the businesses in process development and new product introduction. The Company has 18 manufacturing facilities, spread widely across India, producing wide range of Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and its own retail centers.
The Company clocked a turnover of Rs. 22,290 Crores during FY23-24. Its efforts towards environment have been well recognized by international organizations like UNDP and has also been voted as one of the ten greenest companies in India by TERI. Coromandel is a part of the INR 778 billion (INR 77,881 Crores) of the Murugappa Group.
For more details, visit www.coromandel.biz

About Murugappa Group
A 124-year-old conglomerate with presence across India and the world, the INR 778 billion (77,881 crore) Murugappa Group has diverse businesses in agriculture, engineering, financial services and more.
The Group has 9 listed companies: Carborundum Universal Limited, CG Power & Industrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam Investment & Finance Company Limited, Coromandel International Limited, EID Parry (India) Limited, Shanthi Gears Limited, Tube Investments of India Limited and Wendt India Limited. Other major companies include Cholamandalam MS General Insurance Company Limited and Parry Agro Industries Limited. Brands such as Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Chola, Chola MS, CG Power, Shanthi Gears, CUMI, Gromor, Paramfos, Parry's are part of the Group's illustrious stable.
Abrasives, technical ceramics, electro minerals, electric vehicles, auto components, fans, transformers, signalling equipment for railways, bicycles, fertilisers, sugar, tea and several other products make up the Group's business interests.
Guided by the five lights — integrity, passion, quality, respect and responsibility — and a culture of professionalism, the Group has a workforce of over 83,500 employees.
For more details, visit www.murugappa.com