COROMANDEL RECOGNISED AS TOP PERFORMER IN THE FERTILISERS SEGMENT!
Hyderabad, August 02, 2022:Coromandel International Limited (BSE: 506395, NSE: COROMANDEL), India’s leading Agri solutions provider in the business of Fertilisers, Crop Protection, Bio Pesticides, Specialty Nutrients, Organic Fertilizer and Retail, has been recognised as the Top Performer in the fertilisers segment by the jury of Dun & Bradstreet Corporate Awards 2022.Coromandel is also part of Dun & Bradstreet’s list of India’s Top 500 companies.
Mr. Sameer Goel, Managing Director, Coromandel International Limited received the prestigious award on behalf of the company at the hands ofMr. Avinash Gupta, Managing Director & CEO, Dun & Bradstreet.
Speaking on the achievement, Mr. Sameer Goel said, “We are delighted to be featured amongst the top performing corporates by Dun & Bradstreet. This is a recognition of our continuous efforts towards improving the shareholders’ value and conducting operations in a sustainable manner. Our Corporate Governance practices are based on transparency and accountability. We are committed towards farmers welfare and with our diversified presence across the agri value chain, we continuously engage with the farmers in developing novel agriculture solutions and integrated farming practices to maximise farm productivity. Our factories operate well within the Environmental norms and we have established a bird sanctuary in 350 acres at our Kakinada plant which has been recognised by UNDP. We are pioneers in ESG in our sector and will continue to strengthen the same.”
For more than a decade now, the Dun & Bradstreet Corporate Awards have been commemorating the outstanding performers among Indian Corporates. The Dun & Bradstreet Corporate Awards 2022 were presented across 30+ categories including sectoral, growth-based and special award categories. Only companies forming part of the Dun & Bradstreet ‘India’s Top 500 Companies’ publication in 2022 were in contention for these Awards.
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 and secondary & micronutrients segments. 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 and Karnataka. Through these Retail outlets, the Company offers farming services 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 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.19,255 Crores during FY21-22. 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 547 Billion (INR 54,722 Crores) of the Murugappa Group.
For more details, visit https://www.coromandel.biz/
About Murugappa Group
Founded in 1900, the INR 547 Billion (INR 54,722 Crores) Murugappa Group is one of India’s leading business conglomerates. The Group has 29 businesses including ten listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., CG Power and Industrial Solutions Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd. and Wendt (India) Ltd.
The Group holds leadership position in several product lines including Abrasives, Technical Ceramics, Electro Minerals, Auto Components & Systems, Power Conversion Equipment, Transformers & Reactors for the Power T&D segment, Solutions for Railways in Rolling Stock & Signalling Equipment, Bicycles, Fertilisers, Sugar, Tea and Spirulina (Nutraceuticals). The Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.
Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Rhodius, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 59,000 employees.
For more details, visit https://www.murugappa.com/