Coromandel to set up Rs400-cr sulphuric acid plant in Vizag

Chennai: Fertiliser major Coromandel International Ltd will set up a new 1,650 tonne per annum sulphuric acid plant in Visakhapatnam with an investment of Rs 400 crore.

As a part of the Rs 417-billion Murugappa group, Coromandel International has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions).With the new plant, Coromandel International will increase its sulphuric acid production capacity by five lakh ton per annum to 11 lakh tonne per annum. The steam generated from the sulphuric acid production process shall also be used for captive power generation.

"India is a net importer of sulphuric acid, and the third largest importer globally, accounting for close to 20 lakh metric ton of imports," Arun Alagappan, Executive Vice Chairman, Coromandel International said. According to him, the company is setting up the new plant in line with the Atmanirbhar Bharat vision of Prime Minister Narendra Modi for import substitution and promotion of local manufacturing.