Agriculture answers provider Coromandel International has forayed into new-era fertilizers with the aid of commissioning a ₹50 crore nano-fertilizer plant at its Kakinada complicated in Andhra Pradesh.
The new plant can produce one crore bottles of nano fertilizers. It can be scaled up for higher volumes except generating a couple of varieties of nano fertilizers, Coromandel said after Executive Director-Nutrient Business Sankarasubramanian S. Inaugurated the plant on June nine.
The Kakinada unit produces a wide variety of NPK grades with the annual potential of two million tonnes of fertilizers. With the commissioning of the nano facility, Coromandel has forayed into new-generation fertilizers that can revolutionize Indian agriculture. The new plant has a completely automatic production line, which includes a robot arm for bottling operations, the organization stated.
Coromandel has developed nano fertilizers including nano DAP and nano urea through its in-residence research and development centre at IIT Bombay-Monash Research Academy. The nano-sized fertilizer debris ensures the best nutrient transport and absorption by way of the flora and has the potential to update traditional fertilizers while additionally growing the crop yield. The organization also has set up a nano-era center at Coimbatore to cognizance on nano utility in agriculture and to set up pleasant for nano variety of products.
Shares of the corporation closed three.31% better on Monday at ₹1,438.Sixty five every at the BSE.
