Coromandel International Ltd inks MoU with the Andhra Pradesh Economic Development Board

Coromandel International Limited 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. This MoU outlines a proposed investment of up to Rs 2,000 Crores (Rupees Two thousand crores only) subject to necessary approvals, 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.

Shares of Coromandel International Limited was last trading in BSE at Rs. 2209.95 as compared to the previous close of Rs. 2186.40. The total number of shares traded during the day was 10668 in over 1570 trades.

The stock hit an intraday high of Rs. 2233.00 and intraday low of 2187.00. The net turnover during the day was Rs. 23657695.00.

Source : Equity Bulls

Keywords

CoromandelInternational INE169A01031 Fertilizers MoU GovernmentofAndhraPradesh APEDB