Chennai: As a leading Indian agri solutions provider, Coromandel continues to drive agricultural productivity by promoting an integrated farm management approach. In a major boost to drive sustainable practices in agriculture, the Company has successfully developed a nanotechnology-based fertilizer, Nano DAP, from its R&D centre based at IIT Bombay.
Coromandel has been conducting extensive field studies on product efficacy, biosafety and toxicity for Nano DAP in different agro-climatic zones with leading agricultural universities and the trial results have been encouraging. The Company’s application with the Government of India for the commercial release of Nano DAP is in the advanced stage of approval.
Coromandel will be amongst the pioneers in developing nano technology-based solutions and has filed a patent for the product. The company is setting up a greenfield facility in Andhra Pradesh and plans to launch the product in 2023.
Speaking on occasion, Coromandel’s Executive Vice Chairman Mr Arun Alagappan, commented, “Coromandel is promoting new technologies for enhancing the resource use efficiency of its agri solutions. Nano DAP will go a long way in driving the sustainability of Indian farms through improving nutrient uptake, lowering water consumption and minimizing environmental losses.
This is in line with the Government’s thrust on improving farm yields through leveraging emerging technology solutions in agriculture. The usage of Nano DAP will make farm economics more attractive and can drive sustainable usage and site-specific nutrient applications. The Company has also recently invested in a drone start-up Dhaksha Unmanned Systems, which provides it with a strong delivery platform to promote the application of Nano fertilizers through drones.
I would like to thank the Government for its continuous guidance, extending policy and regulatory support and providing the requisite impetus for the adoption of new technologies in farming. I am optimistic that the usage of Nano fertilizers will support the AtmaNirbhar Bharat vision and can drive the next wave of Green Revolution in the country.”
About Coromandel
Coromandel International Limited is amongst India’s pioneers and leading Agri solutions providers, 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 fertilizer in India. The Company’s Crop Protection products are marketed in India and international geographies, offering a wide range of technical and formulation products. The Specialty Nutrients business of the Company focuses on water-soluble fertilizer and secondary & micronutrient segments. The Company is a leading marketer of Organic fertilizer in India. The Bio Products business of the company focuses on plant extractions for various applications. It also operates a network of around 750 rural retail outlets across Andhra Pradesh, Telangana and Karnataka. The Company offers farming services through these retail outlets, including crop advisory, soil testing and farm mechanization to around 3 million farmers. The Company has a strong R&D and Regulatory setup, supporting the businesses in process development and new product introduction. The Company has 17 manufacturing facilities, producing a wide range of Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and its retail centers.
The Company clocked a turnover of Rs. 19,255 Crores during FY21-22. International organizations like UNDP have recognized its efforts towards the environment and have also been voted one of the ten greenest companies in India by TERI. Coromandel is a part of the INR 547 Billion (INR 54,722 Crores) of the Murugappa Group.
