COROMANDEL INTERNATIONAL LTD.
NSE : COROMANDELBSE : 506395ISIN
CODE : INE169A01031Industry : FertilizersHouse
: Murugappa Chettiar
BSE1231.8526.9 (+2.23 % )
PREV CLOSE (Rs.) 1204.95
OPEN PRICE (Rs.) 1221.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 15942
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1232.10 28.2 (+2.34 % )
PREV CLOSE(Rs.) 1203.90
OPEN PRICE (Rs.) 1213.00
BID PRICE (QTY) 1232.10 (146 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 317367
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 14-May-2024 | Cochin Shipyard, Ashiana Housing and Coromandel International to see some action today | <p style="text-align: justify;"><b>Cochin Shipyard </b>(CSL) has bagged a large order from a European Client, for the design and construction of a Hybrid Service Operation Vessel (Hybrid SOV) with an option for two more such vessels. The vessel is equipped with hybrid battery systems to improve the energy efficiency and reduce the carbon foot prints. The vessel is designed and built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand. The project is expected to be completed by the end 2026.</p><p style="text-align: justify;"><b>Ashiana Housing</b> has raised Rs 125 crore through the allotment of 12,500 Secured, Rated, Listed, Senior Redeemable, Taxable, Non-Convertible Debentures (NCDs) on Private Placement basis. The Executive Committee of Board of Directors of the company (through Resolution by Circulation) on May 13, 2024, has allotted the same. </p><p style="text-align: justify;"><b>Coromandel International</b>'s wholly owned subsidiary-- Coromandel Technology has executed agreements to acquire additional shareholding in Dhaksha Unmanned Systems (Dhaksha) at a consideration of Rs 149.98 crore. Post completion of the above transactions, the company, through its wholly owned subsidiary, Coromandel Technology, will increase its equity stake in Dhaksha from existing 51.02% to 58.01%.</p><p style="text-align: justify;"><b>Hero MotoCorp</b> has joined the ONDC Network, thereby becoming the first auto company in the country to join the network. Hero MotoCorp already has the largest physical distribution and service network in Indian Auto Industry. Partnering with ONDC will further enhance the reach and convenience, providing an easily accessible digital mode to customers. The Open Network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover Hero Genuine Parts by using any buyer apps on the Network, such as Paytm and Mystore, among others.</p><p style="text-align: justify;">In line with its commitment towards offering sustainable mobility solutions and enabling customers with the power of choice,<b> TVS Motor Company</b> has launched a new variant of the TVS iQube with 2.2 kWh battery. Simultaneously, the company is ready to deliver TVS iQube ST to customers, starting May 13, 2024. The TVS iQube ST will now come in two variants, 3.4 kWh and 5.1 kWh, that being the largest battery pack in the segment. With this, the TVS iQube series now offers an array of five variants available in vibrant 11 colours, making this one of the largest and most attractive EV portfolios in the market.</p><p style="text-align: justify;"><b>Karur Vysya Bank </b>has reported 35.01% rise in its net profit at Rs 456.10 crore for the quarter ended March 31, 2024 as compared to Rs 337.82 crore for the same quarter in the previous year. Total income of the bank increased by 29.70% at Rs 2,813.42 crore for Q4FY24 as compared Rs 2,169.13 crore for the corresponding quarter previous year.</p><p style="text-align: justify;"><b>Tata Consultancy Services </b>(TCS) has announced the creation of a Global Artificial Intelligence (AI) Center of Excellence in Paris. The new AI center will be based in the upcoming TCS PacePort in the La Défense area of Paris, which will be inaugurated in June 2024, becoming the 7th such facility in TCS' global Pace network, following Amsterdam, London, New York, Pittsburgh, Toronto, and Tokyo. The TCS AI Center of Excellence in Paris will leverage TCS' global ecosystem of startups, academia, and research organizations to bring the best of global capabilities to French companies. The new center will join France's growing AI ecosystem and tap into its deep talent base in design and engineering, to build advanced technologies in the space of human-centric AI. It will focus on pushing the boundaries of how AI can be designed and evolved to address business efficiencies and societal priorities. The impact areas shall include some of the key priorities listed in France's National Strategy for AI, as part of the France 2030 plan.</p> |
| 14-May-2024 | Coromandel International gains as its arm inks pact to acquire additional stake in Dhaksha | <p style="text-align: justify;">Coromandel International is currently trading at Rs. 1211.80, up by 6.85 points or 0.57% from its previous closing of Rs. 1204.95 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1221.95 and has touched a high and low of Rs. 1221.95 and Rs. 1195.55 respectively. So far 1878 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1287.95 on 18-Dec-2023 and a 52 week low of Rs. 908.80 on 22-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1221.95 and Rs. 1170.05 respectively. The current market cap of the company is Rs. 35531.91 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 57.32%, while Institutions and Non-Institutions held 27.98% and 14.70% respectively.</p><p style="text-align: justify;">Coromandel International's wholly owned subsidiary-- Coromandel Technology has executed agreements to acquire additional shareholding in Dhaksha Unmanned Systems (Dhaksha) at a consideration of Rs 149.98 crore. Post completion of the above transactions, the company, through its wholly owned subsidiary, Coromandel Technology, will increase its equity stake in Dhaksha from existing 51.02% to 58.01%.</p><p style="text-align: justify;">Investment in Dhaksha is in continuation with Coromandel's strategy to identify promising avenues of growth outside its core operations which would be value accretive for its shareholders. Coromandel in July 2023 has acquired a majority stake in Dhaksha. This investment will further strengthen Coromandel's presence in the fast-growing UAS segment. This investment into Dhaksha is to support the R&D, new product development activities and its working capital requirements of Dhaksha. The acquisition of additional shareholding is expected to be completed in May 2024</p><p style="text-align: justify;">Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.</p> |
| 13-May-2024 | Coromandel International's arm inks pact to acquire additional stake in Dhaksha | <p style="text-align: justify;">Coromandel International's wholly owned subsidiary-- Coromandel Technology has executed agreements to acquire additional shareholding in Dhaksha Unmanned Systems (Dhaksha) at a consideration of Rs 149.98 crore. Post completion of the above transactions, the company, through its wholly owned subsidiary, Coromandel Technology, will increase its equity stake in Dhaksha from existing 51.02% to 58.01%.</p><p style="text-align: justify;">Investment in Dhaksha is in continuation with Coromandel's strategy to identify promising avenues of growth outside its core operations which would be value accretive for its shareholders. Coromandel in July 2023 has acquired a majority stake in Dhaksha. This investment will further strengthen Coromandel's presence in the fast-growing UAS segment. This investment into Dhaksha is to support the R&D, new product development activities and its working capital requirements of Dhaksha. The acquisition of additional shareholding is expected to be completed in May 2024</p><p style="text-align: justify;">Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.</p><div style="text-align: justify;"><br></div> |
| 13-May-2024 | Coromandel International informs about updates | <div>Coromandel International has informed that Coromandel Technology, a wholly owned subsidiary of the Company, has executed agreements to acquire additional shareholding in Dhaksha Unmanned Systems Private Limited (Dhaksha) at a consideration of Rs. 149,97,70,240/-. Post completion of the above transactions, the Company, through its wholly owned subsidiary, Coromandel Technology, will increase its equity stake in Dhaksha from existing 51.02% to 58.01%. Further details relating to the above-mentioned acquisition as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/ CIR/2023/123 dated July 13, 2023 is enclosed as Annexure.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 06-May-2024 | Coromandel International informs about outcome of board meeting | <p style="text-align: justify;">Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations'), Coromandel International has informed that at the Board Meeting held today, the Board has approved the following: 1. Appointment of Arunachalam Vellayan as an Additional Director and Whole-time Director, to be designated as Whole-time Director – Strategy & Planning with effect from May 06, 2024 for a period of five years. 2. Appointment of Narayanan Vellayan as an as an Additional Director and Whole-time Director, to be designated as Whole-time Director – Strategic Sourcing with effect from May 06, 2024 for a period of five years. 3. Amendment to Articles of Association by insertion of clause 20.21 with respect to Appointment of Chairman Emeritus of the Company. The above-mentioned items are subject to the approval by the shareholders of the Company through Postal Ballot. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure A. Further, it has informed that Arunachalam Vellayan and Narayanan Vellayan, Additional Directors of the Company, are not debarred from holding the office of director by virtue of any SEBI order or any other such authority. The Board of Directors Meeting Commenced at 09:30 am and concluded at 10: 30 am.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 06-May-2024 | Coromandel International rises as its arm subscribes 3.13% share capital of Ecozen | <p style="text-align: justify;">Coromandel International is currently trading at Rs. 1226.60, up by 19.30 points or 1.60% from its previous closing of Rs. 1207.30 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1213.40 and has touched a high and low of Rs. 1226.85 and Rs. 1193.50 respectively. So far 6392 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1287.95 on 18-Dec-2023 and a 52 week low of Rs. 908.80 on 22-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1229.70 and Rs. 1173.70 respectively. The current market cap of the company is Rs. 36007.43 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 57.32%, while Institutions and Non-Institutions held 27.98% and 14.70% respectively.</p><p style="text-align: justify;">Coromandel International's wholly owned subsidiary -- Dare Ventures has subscribed 3.13% share capital of Ecozen Solutions (Ecozen) at a consideration of Rs 23.99 crore thereby increasing its shareholding in Ecozen to 5.54% of share capital of Ecozen. The objective of acquisition is to be a part of and contribute to the growth of Ecozen by providing it with adequate growth capital. The funds thus raised by Ecozen will be for enhancing technological infrastructure, and for meeting the working capital needs of Ecozen.</p><p style="text-align: justify;">Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.</p> |
| 03-May-2024 | Coromandel International's arm subscribes 3.13% share capital of Ecozen | <p style="text-align: justify;">Coromandel International's wholly owned subsidiary -- Dare Ventures has subscribed 3.13% share capital of Ecozen Solutions (Ecozen) at a consideration of Rs 23.99 crore thereby increasing its shareholding in Ecozen to 5.54% of share capital of Ecozen. The objective of acquisition is to be a part of and contribute to the growth of Ecozen by providing it with adequate growth capital. The funds thus raised by Ecozen will be for enhancing technological infrastructure, and for meeting the working capital needs of Ecozen.</p><p style="text-align: justify;">Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.</p> |
| 30-Apr-2024 | Coromandel International starts activity to set up Phosphoric, Sulphuric Acid Plants in Andhra Pradesh | <p style="text-align: justify;">Coromandel International has commenced the project activity to set up its Phosphoric Acid-Sulphuric Acid complex facility at Kakinada, Andhra Pradesh. With an estimated outlay of Rs 1000 crore, the project is expected to be commissioned in two years' time. The proposed 650 ton per day (tpd) Phosphoric Acid facility is designed with advanced DA-HF (Dihydrate Attack-Hemihydrate Filtration) process technology and automated DCS system. This will enhance Company's backward integration capacities and provide stable supplies of phosphoric acid for its fertiliser manufacturing by replacing more than 50% of Kakinada plant's imported acid requirement. </p><p style="text-align: justify;">The Company also plans to set up an 1800 tpd Sulphuric Acid Plant to meet the captive needs in phosphoric acid manufacturing besides augmenting power from the waste heat generation. Phosphoric acid and Sulphuric acid are used as key intermediates for manufacturing Phosphatic fertilizers like DAP and NPKs.</p><p style="text-align: justify;">Currently, the company's fertilizer plants at Visakhapatnam and Ennore are fully integrated with captive Sulphuric and Phosphoric acid facilities and the proposed expansion plan at Kakinada will make this unit also an integrated complex. With a capacity of around 2 million tons, Coromandel's Kakinada plant is the India's second largest phosphatic fertiliser facility and contributes close to 15% of nation's NPK fertilizer output. The plant facility also acts as a habitat for countless diverse species of birds, while greatly contributing to biodiversity and conservation of the ecosystem.</p><p style="text-align: justify;">Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.</p><div style="text-align: justify;"><br></div> |
| 25-Apr-2024 | Coromandel International informs about disclosure | <p style="text-align: justify;">Coromandel International has informed that the Company has received notice from the Inspector, Legal Metrology, Ballikurava, Bapatla District, Andhra Pradesh for payment of compounding fees. The details as required under Regulation 30 of SEBI (Listing obligations and Disclosure requirements) Regulations, 2015 are given in the annexure.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div> |
| 20-Mar-2024 | Coromandel International informs about details of loss of certificate | <div style="text-align: justify;">Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, Coromandel International has informed that the Letter of confirmation has been dispatched to the shareholders, in lieu of lost/misplaced physical share certificates.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </div> |
