Coromandel International and Ma'aden sign phosphatic fertiliser MoU

Coromandel International Limited (BSE: COROMANDEL) and Saudi Arabian Mining Company (Ma'aden) have formalised a Memorandum of Understanding (MoU) for the long-term supply of Di-Ammonium Phosphate (DAP) and NP/NPK fertilisers. Signed on April 9, 2025, the agreement builds upon an existing relationship where Ma'aden serves as a key ammonia supplier to Coromandel. The partnership aims to ensure a reliable and sustainable supply of essential fertilisers for the Indian agricultural sector. Ma'aden is expanding its phosphate fertiliser production capacity from 6 million tonnes to 9 million tonnes. In 2024, Ma'aden reported revenue of SAR 39.88 Billion. The companies will also explore collaborative efforts in R&D and innovation.