Coromandel to set up Rs 400-crore sulphuric acid plant at Visakhapatnam
Hyderabad: Murugappa Group company and phosphatic fertilizer manufacturer Coromandel is setting up a new 1,650 metric tonnes per day capacity sulphuric acid plant at its fertilizer complex in Visakhapatnam with an investment of Rs 400 crore. The company has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions). Commenting […]
Hyderabad: Murugappa Group company and phosphatic fertilizer manufacturer Coromandel is setting up a new 1,650 metric tonnes per day capacity sulphuric acid plant at its fertilizer complex in Visakhapatnam with an investment of Rs 400 crore.
The company has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions).
Commenting on the setup of new sulphuric acid plant, Arun Alagappan, executive vice chairman, Coromandel, said, India is a net importer of sulphuric acid and the third largest importer globally, accounting for close to 20 lakh metric tonnes of imports.
The company said, considering the essential nature of fertilizers, this investment will improve the self-sufficiency and availability of phosphatic fertilizer in the country. The new plant will increase the sulphuric acid production capacity by a further 5 lakh metric tonnes per annum from the current level of 6 lakh metric tonnes per annum, thereby resulting in a combined capacity of 11 lakh metric tonnes.
The investment is in line with the company’s long-term objectives to secure key raw materials for its fertilizer production. The new sulphuric acid plant will reduce the import dependence considerably and ensure sustainable production of phosphoric acid, one of the key raw materials for phosphatic fertilizer manufacturing.
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