Coromandel International Ltd.

YEAR                       EVENTS
 1961 - The Company was Incorporated as a private company on 16th
 October
        and was converted into a public company on 10th April, 1964. 
 The
        Company manufacture and sell complex fertilisers and urea. 
 The
        complex fertilisers of the Company are sold under the trade
 name
        Gromor.  The company was promoted by California Chemical
        Company (now called Chevron Chemical Company), International
        Minerals & Chemical Corporation of USA and E.I.D. Parry, Ltd.
 
 1964 - A collaboration agreement was entered into with the promoter
        companies, Chevron Chemical Company and International Minerals
 &
        Chemical Corporation, in April.
 
      - The company allotted 10,97,680 No. of equity shares of Rs 10
 each
        (5,15,910 No. of equity shares to International Minerals &
        Chemical Corporation) and also agreed to reimburse their
 expenses
        in terms of the know-how agreement.
 
      - The Company also entered into a know-how agreement in April
 with
        E.I.D. Parry Ltd., who agreed to make available their
 know-how
        relating to Indian agronomy and agricultural practice.  In
        consideration, the Company allotted to them 63,540 No. of
 equity
        shares of Rs 10 each.
 
      - Rs 100 shares subdivided into shares of Rs 10 each, 84,84,690
 No.
        of equity shares issued in May 1964.  Out of the issue: (i)
        21,11,410 shares allotted to California Chemical Co., U.S.A.
        (5,81,770 without payment in cash); (ii) 18,72,390 shares
        allotted to International Mineral & Chemical Corpn., U.S.A.
        (5,15,910 without payment in cash) (iii) 5,50,850 shares
 allotted
        to E.I.D. Parry Ltd., (iv) 39,50,040 shares offered for
 public
        subscription.
 
 1966 - 1,625 forfeited shares reissued.
 
 1967 - 1,675 forfeited shares reissued during the year.  In October
        10.87,320 Rights shares issued at par in the propn. 16:125.
 
 1978 - 57,49,206 Bonus shares issued in prop. 3:5.
 
 1982 - During the year, the Company commissioned a plant with an
 annual
        capacity of 10,00,000 tonnes at Chilamkur in the Cuddapah
        district of Andhra Pradesh, at a total cost of Rs 79 crores.
 
 1984 - 8,81,888 No. of equity shares issued at a prem. of Rs 10 per
        share on conversion of debentures/loans.
 
 1985 - 81,06,552 bonus shares issued in prop. 1:3.
 
 1987 - The Cement production was adversely affected by power cuts
        ranging between 40% to 80% throughout the period and poor
 quality
        of coal.
 
 1988 - To minimise production loss, two generating sets each of 2.7
 MW
        capacity were commissioned in January 1998.  A DG set of
 similar
        capacity was also added in June.
 
      - The Company proposed to undertake de-bottlenecking the
 sulphuric
        acid (including heat recovery system) and phosphoric acid
 plants.
        The Company commissioned an effluent treatment plant of
 capacity
        100m3/hr for treating and recycling the effluents viz.,
 fluoride
        and phospate in the stream from the phosphoric acid plant at
 a
        cost of Rs 235 lakhs based on the technology provided by FACT
        Engineering and Design Organization (FEDO).
 
 1991 - The working of ammonia and urea plants was adversely affected
 due
        to poor power supply and problems faced in the ammonia
 converter
        and heat exchanger.  A second diesel generating set of 4 MW
 was
        installed during the year.
 
 1992 - Working of ammonia and sulphuric acid plants was adversely
        affected due to power restrictions, failure of equipments,
 and
        leakage in the ammonia convertor.
 
      - The Company incurred substantial expenditure on the sulphuric
        acid and complex plant debottlenecking projects, as well as
 on
        the replacement of the Ammonia Convertor Cartridge.
 
 1993 - The fluorine recovery unit was commissioned which added to
 the
        effectiveness of the effluent treatment plant and also
 produced
        hydrofluosilicic acid for supply to a neighbouring Aluminium
        Fluoride unit.
 
 1994 - The Indian Promoters Company E.I.D. Parry (I) Ltd. through
 one
        of their subsidiaries Dhanyalakshmi Investments Ltd.
 purchased
        the shareholding of one of the two U.S. Promoters viz.,
 Chevron
        Chemical Company.
 
 2001 - Coromandel Fertilisers Limited, part of the Rs 3500 crore
 Murugappa group, is gearing up             to face the challenges
 that are likelyto crop up in the event of total decontrol of the
 fertiliser             industry, by leveraging its
 cost-coompetitiveness, brand leadership and flexibilities that it    
         has built over a period of time.
 
 
 2002
 
 -Acquires 207500 shares of M/s Godavari Fertilizers & Chemicals Ltd
 amounting to 0.648% of the total paid up capital 
 
 2003
 
 -Board approves for the scheme of demerging EID's Farm Inputs
 Division into the company.
 
 -Ploughs back its profits to restructure its plant.
 
 -GFCL receives a bid price of Rs. 124 per share from the company.
 
 -Acquires 25.88% equity shares of Godavari Fertilizers and Chemicals
 Ltd.
 
 -Makes an open offer for the shares of GFCL for about 20% of the
 equity shares of Rs.124.
 
 -Shareholders approve for the investment in one or more tranches up
 to a limit of 14680000 equity shares of Rs.10/.
 
 -Finalises the shareholders agreement with IFFCO, to ease the
 takeover of the entire operations of GFCL.
 
 -Signs MoU with FOSKAR of South Africa for the supply of raw-material
 and also for transferring of 5% shares of GFCL.
 
 -Installs a ship unloader costing Rs.20cr at its captive berth in the
 port.
 
 -Acquires 47,82,249 shares amounting to 14.94% of the total paid up
 capital of the Godavari Fertilisers & Chemicals Ltd. GFCL legally
 becomes the subsidiary of the company.
 
 -CFL has informed that Company on December 11,2003 has entered into
 an agreement with Fosker Limited of South Africa for transfer of
 16,00,000 Equity Shares (5% of the equity capital of Godavari
 Fertilisers and Chemicals Ltd.)held by CFL at a Price of Rs.124/- Per
 Share.
 
 2004
 
 -Coromandel Fertilizers sells 5% stake in Godavari Fertilizers
 
 -Coromandel Fert inks agreement with union
 
 
 2005
 
 -Coromandel Fertilisers enters into MoU with Groupe Chimique Tunisien
 for setting up JV project in Tunisia to manufacture phosphoric acid
 
 -Coromandel Fertilisers enters into BAA & SSA with Foskor, South
 Africa
 
 -Coromandel Fert, GSFC signs agreement with Tunisian co
 
 2006
 
 -Coromandel inks share purchase agreement with Ficom
 
 -Coromandel to acquire stake in FICOM
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2009
 
 - Coromandel Fertilisers Ltd has appointed Mr. Ramesh Savoor as an
 Additional Director on the Board of the Company effective from March
 18, 2009.
 
 -Company has changed its name from Coromandel Fertilisers Ltd. to
 Coromandel International Ltd.                                        
      
                                                
 2010
 
 -Coromandel has entered into a Share Purchase Agreement with the
 promoters of Pasura Biotech Pvt Ltd. to acquire 100% shareholding in
 Pasura.
 
 -The Company has entered into a Licence Agreement with Shell Research
 Ltd. for Shell Thiogro technology to manufacture Sulphur Enhanced
 Fertilisers (SEF).
 
 -Mr. Kapil Mehan has jointed the Company as Chief Executive Officer
 (CEO).
 
 -Company has splits its Face value of Shares from Rs 2 to Re 1
 
 2011
 
 -Acquisition of 42.22 % of equity shares of M/s Sabero Organics
 Gujarat  Ltd.
 
 -Coromandel International Limited. has signed an agreement with Qatar
 Fertiliser Company (QAFCO) for supply of Urea.
 	
 -Coromandel to support 160 rural girl students in Nalgonda district
 under its pioneering CSR project.	
 
 -Coromandel International Limited Declares 400% Interim Dividend.	
 
 2012
 
 -Coromandel International Ltd. has recommended a Final Dividend of
 Rs. 3/- per share (300% on face value of Rs. 1/- per share).
 
 2013
 
 -Coromandel International acquires Liberty Phosphate Group.
 -Coromandel International Ltd has received the prestigious and
 internationally recognized Golden Peacock National Training Award in
 the category of Employer.
 -World CSR Congress presents 3 CSR Awards to Coromandel International
 Ltd.
 -Coromandel International Ltd India’s leading manufacturer of a wide
 range of fertilizers, Crop protection products and Specialty
 Nutrients, has been awarded the Best Management Award-2013 by the
 government of Andhra Pradesh. 
 -A phosphoric acid Plant of ‘Tunisian Indian Fertilisers (TIFERT), a
 joint venture (JV) company between India’s leading fertilizer
 manufacturer - Coromandel International Ltd and Gujarat State
 Fertilisers and Chemicals Ltd (GSFC) and Tunisia's Groupe Chimique
 Tunisien (GCT) and Compagnie Des Phosphat De Gafsa (CPG), (both are
 Government of Tunisia entities), has been inaugurated.
 
 2014
 -Coromandel International Ltd has informed that the High Court of
 Andhra Pradesh has approved the Scheme of Amalgamation of Liberty
 Phosphate Ltd and Liberty Urvarak Ltd.
 -Coromandel International Ltd (Coromandel) and Sabero Organics
 Gujarat Limited (Sabero) have approved a Scheme of Amalgamation for
 merger of Sabero with Coromandel.
 -Coromandel Enters JV for Farm Machinery Manufacturing.
 
 2017
 -Coromandel gets green nod for Rs 225 cr expansion plan in Andhra.
 -Coromandel International to acquire Bio-Pesticides business of
 E.I.D. Parry.
 
 2018
 
 -Coromandel International Ltd received Best Management Award from
 Labour Department, Govt of AI for Kakinada & Vishakhapatnam units.
 
 2021
 
 -Coromandel Intl announces new sulphuric acid plant at
 Visakhapatnam.
 
 2022
 
 -Coromandel International strengthens its portfolio in crop
 protection by launching 5 new products.
 -Coromandel to acquire 45% equity stake in senegal hearquartered BMCC
 for INR 225-CR.
 -Coromandel reiterates commitment to Technology-led Agriculture
 continues to invest in the AG Tech companies.
 
 2023
 
 -Coromandel Unveils Nanotechnology Center at Coimbatore.
 -Coromandel’s drive towards Atmanirbhar Bharat Commissions
 state-of-the-art Sulphuric Acid Plant & Desalination Plant at
 Visakhapatnam