MoU9 Apr 2025, 11:00 pm
Coromandel International and Saudi Mining Company Ma'aden Partner for Phosphatic Fertilisers
AI Summary
Coromandel International Limited, India’s leading agri-solutions provider, and Ma’aden, one of the world’s largest producers of phosphate fertilisers, have signed a Memorandum of Understanding (MoU) for the long-term supply of Di-Ammonium Phosphate (DAP) and NP/NPK fertilisers. The MoU was signed on April 9, 2025, by Mr. Narayanan Vellayan, Director — Strategic Sourcing, Coromandel International Limited, and Mr. Saud Al Tamimi, Director — Fertiliser Sales Commercial, Phosphate Business Unit, Ma’aden. The partnership aims to ensure a reliable and sustainable supply of essential fertilisers to support Indian agriculture.
Key Highlights
- Coromandel International and Saudi Mining Company Ma'aden sign MoU for long-term supply of DAP and NP/NPK fertilisers
- MoU marks a significant milestone in expanding the long-standing partnership between Coromandel and Ma'aden
- MoU ensures a reliable and sustainable supply of essential fertilisers to support Indian agriculture
- Ma'aden is the largest multi-commodity mining and metals company in the Middle East with fully integrated mining value chain
- Ma’aden’s fertilizer business has a capacity of 6.0 Million Tonnes of Phosphate fertilizers which is being expanded by 3 Million Tonnes in short term