Coromandel International Limited — Important, 09-05-2025: General Updates

Coromandel International has announced a board meeting on its joint venture with Sakarni Plaster (India) Pvt Ltd to produce and sell phospho-gypsum based products. With a 60% stake and up to Rs. 59 Cr capital commitment, this move targets India’s growing gypsum plaster market and exports. The JV diversifies Coromandel’s portfolio beyond agri-chemicals, aiming to tap into innovative building materials and create new revenue streams.