Wednesday, 9 May 2012

Coromandel SQM sets up water-soluble fertilizer plant

India's first water-soluble fertilizer (WSF) plant is all set to go into commercial production at Coromandel International's Kakinada plant in Andhra Pradesh.
The 15,000-tonne-per-annum capacity plant has been set up by a 50:50 joint venture between Coromandel, part of the Rs 17,000-crore Murugappa Group, and SQM of Chile.
Currently, India consumes about 70,000 tonnes of WSF, all of which is imported.
“We will be initially focussing on vegetables, fruits, cotton, chilli and sugarcane crops. Although our products can be used for wheat and rice production as well, we will concentrate on these crops as we expand our plant capacity,” Mr V. Ravichandran, Lead Director of Coromandel International, told mediapersons here.
The joint venture entity, Coromandel SQM, is currently conducting research to come out with crop specific blended water soluble fertiliser products to suit the climatic conditions of India.
“We will be launching the speciality blended products in the next three to five months,” he said earlier in January.
Coromandel has been marketing about 10,000 tonnes of imported water-soluble products in India. While DAP prices are about Rs 38,000 a tonne (including a subsidy component of Rs 19,000) currently, the water soluble products have a price tag ranging between Rs 60,000 and Rs 100,000 a tonne.

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