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Our Bureau

Hyderabad, Sept. 27

Coromandel Fertilisers Ltd has announced that it has signed up a shareholders agreement with Group Chimique Tunisie and Compagnie des Phosphates de Gafsa of Tunisia and Gujarat State Fertilisers and Chemicals Ltd for formation of a joint venture company in Tunisia for manufacture of phosphoric acid.

The company has informed the stock exchanges that the JV company has been incorporated in the name of `Tunisian Indian Fertilisers SA' and the Company's Chairman, Mr A. Vellayan, has been appointed as one of the directors of the JV company at a meeting held at Tunis on Tuesday.

Further, Coromandel Fertilisers said that it has also signed a long-term commercial agreement with the JV company for the supply of phosphoric acid, one of the key raw materials.

More Stories on : Alliances & Joint Ventures | Fertilisers

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