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Fertilizer stock jumps 6% after signing MoU with Saudi Mining Company for phosphatic

Prominent agri-solutions provider partnered with Saudi’s Ma’aden for long-term phosphatic fertilizer supply, ensuring sustainable access to DAP and NPK for Indian agricultural needs.
Fertilizer stock jumps 6% after signing MoU with Saudi Mining Company for phosphatic
Fertilizer stock jumps 6% after signing MoU with Saudi Mining Company for phosphatic

Introduction:

Leading fertilizer company has signed a strategic MoU with Saudi-based Ma’aden for long-term supply of DAP and NP/NPK fertilizers, aiming to strengthen agricultural input availability and support sustainable farming in India.

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Share price movement of Coromandel International:

On April 11, 2025, Coromandel International Ltd opened at ₹2,027.00, rising 1.08% from its previous close of ₹2,005.25. The stock touched a high of ₹2,144.95 (6.97%) and a low of ₹2,027.00. By 10:46 AM, it traded at ₹2,136.85, up 6.56%, with a market cap of ₹62,959.37 crore.

Coromandel and Ma’aden Join Hands for Fertilisers:

Coromandel International Limited and Saudi-based Ma’aden signed a Memorandum of Understanding (MoU) on April 9, 2025, for long-term supply of Di-Ammonium Phosphate (DAP) and NP/NPK fertilisers, strengthening their existing partnership.

Ma’aden, a leading global phosphate fertiliser producer, has been a consistent ammonia supplier to Coromandel. The new MoU aims to ensure a reliable, sustainable fertiliser supply chain, supporting India’s agricultural sector effectively.

Recent news on Coromandel International:

As of March 12, 2025, Coromandel International Ltd acquired a 53% stake in NACL Industries Ltd for ₹820 crore and plans an open offer for an additional 26% equity stake.

Stock performance of Coromandel International for Period of 1 week, 6 months, and 1 year:

Coromandel International Ltd delivered a -0.53% return over the past week. It gained 22.3% in the past six months, and the stock surged 72.3% over the past year.

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Shareholding pattern of Coromandel International:

ParticularsDec 2024Sep 2024Jun 2024
Promoter57.00%57.20%57.30%
FII8.30%7.80%8%
DII21.00%21%20.80%
Public14%14%14%
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About Coromandel International:

Coromandel International Ltd (NSE: COROMANDEL) is a leading agri-solutions provider in India, specializing in fertilizers, crop protection, bio-products, and retail services, supporting over 3 million farmers through its extensive network.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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