Coromandel International in pact with Qatar Fertiliser

Fertiliser maker Coromandel International, part of the Rs 17,000-crore Murugappa Group, has signed an agreement with Qatar Fertiliser Company for supply of urea. Qatar Fertiliser at present produces over three million tones of urea, with the company aiming at increasing its capacity to 5.6 million tonnes. Coromandel is the first company in India to have been granted direct import permission of urea for captive consumption. “We are very excited with this agreement as it paves the way for a long term association with a reputed global urea manufacturer. This will be particularly important when urea fertiliser is de-canlised,” Mr A. Vellayan, Chairman of Coromandel, said. The company clocked a turnover of Rs 7,527 crore in 2010-11.