In a move emblematic of its calibrated global expansion and steadfast commitment to securing critical agri-resource linkages, Coromandel International Ltd, one of India’s foremost agri-solutions enterprises, has announced the augmentation of its equity stake in Baobab Mining and Chemicals Corporation (BMCC), Senegal from 53.82 per cent to 71.51 per cent, through its wholly owned subsidiary, Coromandel Chemicals Ltd (CCL).

The transaction, duly approved by the Board of Directors at its meeting convened on July 24, entails the acquisition of an additional 17.69 per cent of BMCC’s issued share capital from an existing shareholder, at an aggregate consideration of $7.70 million. This decisive acquisition further consolidates Coromandel’s command over its phosphate rock asset—a cornerstone of its backward integration strategy—and enhances its operational agency within the West African phosphatic value chain.

The proposed transaction shall be effectuated through the execution of definitive agreements by CCL, thereby reinforcing Coromandel’s vision of securing sustainable and diversified raw material sources in an increasingly volatile geopolitical landscape.

In a parallel strategic stride, the Board has accorded its imprimatur to a fresh capital expenditure proposal aimed at establishing a state-of-the-art bagging facility at Kakinada, Andhra Pradesh. The initiative is intrinsically linked to Coromandel’s ongoing granulation capacity enhancement programme, designed to bolster its manufacturing agility and downstream efficiency in fertiliser delivery.

A flagship enterprise within the Murugappa Group, Coromandel International is a vanguard institution straddling the domains of Fertilisers, Specialty Nutrients, Crop Protection, and Agri-Retail. Its operations encompass not merely product manufacture, but a holistic engagement with the agricultural continuum—providing end-to-end solutions to Indian farmers across soil types, climatic zones, and agronomic challenges.

With this dual-pronged announcement—international equity consolidation and domestic capacity augmentation—Coromandel International once again affirms its commitment to becoming not just a purveyor of nutrients, but an architect of agrarian resilience, economic empowerment, and supply chain sovereignty.

As global fertiliser geopolitics grows increasingly fractious, Coromandel’s strategic calculus—grounded in asset acquisition, infrastructure modernisation, and value-chain verticality—positions it at the vanguard of India’s agricultural renaissance.