MoU14 Nov 2025, 07:33 am
Coromandel International Ltd Signs MoU with Andhra Pradesh Economic Development Board for Rs 2,000 Crores Investment
AI Summary
Coromandel International Ltd has executed a non-binding Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh, on November 13, 2025. The MoU outlines a proposed investment of up to Rs 2,000 Crores (Rupees Two thousand crores only) towards various initiatives aligned with the Company’s business objectives and aimed at contributing to the industrial development of Andhra Pradesh. The MoU serves as a framework to facilitate the execution of these projects in a time-bound manner, in accordance with the prevailing policies, rules, and regulations of the Government of Andhra Pradesh.
Key Highlights
- Coromandel International Ltd has signed a non-binding MoU with Andhra Pradesh Economic Development Board for a proposed investment of up to Rs 2,000 Crores.
- The investment is aimed at contributing to the industrial development of Andhra Pradesh.
- The MoU outlines various initiatives aligned with the Company’s business objectives.
- The projects will be executed in a time-bound manner, in accordance with the prevailing policies, rules, and regulations of the Government of Andhra Pradesh.
- This disclosure is made under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.