COROMANDEL

** Shares of NACL Industries NACL.NS rise 12% to 89.13 rupees, set to gain for a third straight session, if current trend holds

** Coromandel International CORF.NS to acquire 53.13% stake in NACL from promoters

** CORF also made an open offer to acquire up to 26% stake in NACL from public shareholders

** Stake acquisition at 76.70 rupees per share, discount of 3.6% to stock's previous close

** NACL trading vols at 7.6 mln shares, over 12x the 30-day average

** NACL stock up ~33% YTD vs a 9.2% fall in 2024

(Reporting by Vijay Malkar)

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March 12 (Reuters) - Coromandel International Ltd CORF.NS:

• COROMANDEL INTERNATIONAL LTD - APPROVES ACQUISITION OF 53.13% STAKE IN NACL INDUSTRIES

• COROMANDEL INTERNATIONAL LTD - ACQUISITION PRICE SET AT 76.70 RUPEES PER SHARE

Source text: ID:nBSE2gqmJV

Further company coverage: CORF.NS

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Feb 11 (Reuters) - Coromandel International Ltd CORF.NS:

• GOVERNMENT OF ANDHRA PRADESH EXTENDS SUBSIDIES FOR 15.39 BILLION RUPEES INVESTMENT

• ANDHRA PRADESH EXTENDS 45% INCENTIVE ON FIXED CAPITAL INVESTMENT

Source text: ID:nBSEbByrWZ

Further company coverage: CORF.NS

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Jan 30 (Reuters) - Coromandel International Ltd CORF.NS:

• COROMANDEL INTERNATIONAL LTD - DIVIDEND 6 RUPEES PER SHARE

• COROMANDEL INTERNATIONAL Q3 CONSOL NET PAT 5.12 BILLION RUPEES

• COROMANDEL INTERNATIONAL Q3 CONSOL REVENUE FROM OPERATIONS 69.35 BILLION RUPEES

Source text: ID:nBSEhn91B

Further company coverage: CORF.NS

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Jan 20 (Reuters) - Coromandel International Ltd CORF.NS:

• UNVEILS ADVANCED SOIL AND LEAF TESTING LAB IN KAKINADA

Source text: ID:nNSE2dmGRQ

Further company coverage: CORF.NS

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Dec 17 (Reuters) - Coromandel International Ltd CORF.NS:

• PARTNERS WITH MAHINDRA KRISH-E PARTNER FOR DRONE SPRAYING SERVICES

Source text: ID:nBSE30Ts2K

Further company coverage: CORF.NS

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** Coromandel International CORF.NS falls as much as 4.9% to 1,560.30 rupees

** Agricultural chemicals maker posts 12.3% drop in Q2 consolidated PAT y/y

** Rev from ops rose 6.4%, but was outdone by 9.3% rise in total expenses on higher costs of raw materials

** Trading vol same as the 30-day avg of 369,281 shares

** Stock rated "buy" on avg; median PT is 1,904 rupees - LSEG

** CORF last down 3.3%, trimming YTD gains to 26.7%

(Reporting by Ashish Chandra in Bengaluru)

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Oct 24 (Reuters) - Coromandel International Ltd CORF.NS:

• COROMANDEL INTERNATIONAL Q2 CONSOL NET PAT 6.64 BILLION RUPEES

• COROMANDEL INTERNATIONAL Q2 CONSOL REVENUE FROM OPERATIONS 74.33 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: CORF.NS

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Sept 25 (Reuters) - Coromandel International Ltd CORF.NS:

• BUYS 8.82% STAKE IN BAOBAB MINING AND CHEMICALS CORP

• ACQUISITION AT CONSIDERATION OF $3.84 MLN

• APPROVES EXTENSION OF LOAN TO BAOBAB MINING UP TO USD 6.50 MLN

Source text for Eikon: ID:nNSE3jcB2F

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Aug 15 (Reuters) - Coromandel International Ltd CORF.NS:

• COROMANDEL INTERNATIONAL - TNPCB GRANTED PERMISSION TO RESUME OPERATION OF ENNORE UNITS

Source text for Eikon: ID:nNSE6jwjwQ

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Aug 7 (Reuters) - Coromandel International Ltd CORF.NS:

• COROMANDEL INTERNATIONAL Q1 CONSOL NET PAT 3.11 BILLION RUPEES

• COROMANDEL INTERNATIONAL Q1 CONSOL REVENUE FROM OPERATIONS 47.29 BILLION RUPEES

Further company coverage: CORF.NS

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July 18 (Reuters) - Coromandel International Ltd CORF.NS:

• TO SUBSCRIBE SHARES IN COROMANDEL CROP PROTECTION PHILIPPINES

Further company coverage: CORF.NS

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June 17 (Reuters) - Coromandel International Ltd CORF.NS:

• COROMANDEL INTERNATIONAL LTD - ICAR-NBSS&LUP SIGNS MOU WITH COROMANDEL INTERNATIONAL

Source text for Eikon: ID:nBSE8X7pX9

Further company coverage: CORF.NS

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** Shares of Coromandel International CORF.NS up 3.3% at a record high of 1,438.2 rupees

** Agro-chemical co says it commissioned a nano fertilizer plant in its existing Kakinada complex with capacity of 2 million metric tonnes

** Trading volume over 730,000 shares, 1.6x the 30-day avg

** Analysts' rating on stock is "buy", in-line peers UPL UPLL.NS and Sumitomo Chemical SUMH.NS - LSEG data

** Including session's gains, stock up ~15% YTD vs ~12% rise in the Nifty 500 index .NIFTY500

(Reporting by Manvi Pant in Bengaluru)

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** Shares of India's Coromandel International CORF.NS up as much as 3.4% to hit record high, last up 2.6%

** Fertiliser maker unveils 10 new crop production products

** Stock on track to snap four-session-run of losses, if trends hold

** Trading vols at 1.5x the 30-day avg

** CORF rated "buy" on average with median PT of 1,280 rupees - LSEG data

** YTD, stock up 0.8%

(Reporting by Hritam Mukherjee in Bengaluru)

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May 13 (Reuters) - Coromandel International Ltd CORF.NS:

• INCREASES STAKE IN DRONE COMPANY DHAKSHA

• INVESTS 1.5 BILLION RUPEES TO SUPPORT RESEARCH & EXPANSION PROJECTS

• ACQUIRES ADDITIONAL 7% STAKE IN DHAKSHA UNMANNED SYSTEMS

• CO WILL INVEST 1.5 BILLION RUPEES THROUGH FRESH ISSUE OF SHARES TO INCREASE ITS OVERALL SHAREHOLDING IN DHAKSHA TO 58%

Source text for Eikon: ID:nBSEb4wZ66

Further company coverage: CORF.NS

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BENGALURU, May 7 (Reuters) - Indian chemicals and polymers maker SRF SRFL.NS posted a drop in profit for the fifth quarter in a row on Tuesday, hurt by sustained weak demand in its mainstay chemicals business.

SRF's chemical business, which consists of specialty chemicals, fluorochemicals and agrochemicals among others, contributes half the company's quarterly revenue.

WHY IT'S IMPORTANT

The chemical industry has been grappling with high inventory and destocking for the past few quarters, leading to continuous pressure on volume and margins, according to analysts.

SRF said that besides inventory rationalization, prices were also under pressure due to low-priced products from China. It said its fluorochemicals business was hit by China's dumping of refrigerants in India and the international markets.

Peer Coromandel International CORF.NS also reported a lower fourth-quarter profit due to subdued demand for its fertilizer and nutrient chemicals.

BY THE NUMBERS

SRF's consolidated net profit fell nearly 25% to 4.22 billion rupees ($50.6 million) in the quarter ended March 31.

Revenue from operations fell 5.5% to 35.7 billion rupees, with revenue from its chemical business segment sliding 13.6%.

KEY QUOTES

"We have seen a reasonable recovery in our chemicals business in the fourth quarter ... (we) believe that this recovery will pick up pace in the second half of fiscal 2025," Ashish Bharat Ram, chairman and managing director, said.

GRAPHIC

($1 = 83.4770 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Savio D'Souza)

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March 13 (Reuters) - Coromandel International Ltd CORF.NS:

• RECEIVED DIRECTION FROM TAMIL NADU POLLUTION CONTROL BOARD

• DIRECTION TO REMIT ENVIRONMENTAL COMPENSATION AMOUNT

• DIRECTION TO REMIT AN AMOUNT 59.3 MILLION RUPEES

Source text for Eikon: ID:nNSE9Fm1YW

Further company coverage: CORF.NS

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Feb 7 (Reuters) - Coromandel International Ltd CORF.NS:

• RECEIVED NOTICE FROM THE ASSISTANT CONTROLLER, LEGAL METROLOGY ANDHRA PRADESH

• NOTICE FOR PAYMENT OF COMPOUNDING FEES

Source text for Eikon: ID:nBSE4MHN0k

Further company coverage: CORF.NS

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Jan 30 (Reuters) - Coromandel International Ltd CORF.NS:

• Q3 CONSOL NET PAT 2.31 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 54.64 BILLION RUPEES

• YEAR AGO Q3 CONSOL NET PAT 5.27 BILLION RUPEES, REVENUE 83.1 BILLION RUPEES

Source text for Eikon: ID:nBSEc4HhG3

Further company coverage: CORF.NS

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Dec 28 (Reuters) - Coromandel International Ltd CORF.NS:

• GOT DIRECTIONS FROM TAMIL NADU POLLUTION CONTROL BOARD

• PRODUCTION AT ENNORE UNIT IS ABOUT 10% OF THE MONTHLY PRODUCTION VOLUME

• DOES NOT ANTICIPATE ANY MATERIAL IMPACT ON ITS OPERATIONS

• SHALL RESTART AMMONIUM PHOSPHATE POTASH SULPHATE PLANT, ALLIED UNITS AFTER ENSURING AMMONIA PIPELINE IS INTACT, SAFE

• SHALL OBTAIN NOC FROM DIRECTORATE OF INDUSTRIAL SAFETY AND HEALTH

Further company coverage: CORF.NS

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** Shares of Coromandel International CORF.NS fall ~4% to 1,216.75 rupees

** Agro-chemical firm said it noticed abnormality in ammonia unloading subsea pipeline outside its plant premises in southern Indian city of Chennai

** Adds, ammonia plant isolated and normalcy has been restored

** Trading volume nearly thrice the 30-day moving avg

** CORF on track for best year since 2020

** Avg rating of nine analysts on CORF at "buy"; median PT is 1,239 rupees - LSEG data

** Including session's move, stock up ~38% YTD

(Reporting by Kashish Tandon in Bengaluru)

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Oct 26 (Reuters) - Coromandel International Ltd CORF.NS:

• Q2 CONSOL NET PAT 7.57 BILLION RUPEES; REFINITIV IBES EST. 7.59 BILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 69.88 BILLION RUPEES

• YEAR AGO Q2 CONSOL PROFIT 7.41 BILLION RUPEES, REVENUE 101.13 BILLION RUPEES

Source text for Eikon: ID:nBSE7Vvbyd

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Oct 18 (Reuters) - Coromandel International Ltd CORF.NS:

• COMMISSIONED ITS SULPHURIC ACID PLANT

• PLANT SET UP WITH INVESTMENT OF 4 BILLION RUPEES

Source text for Eikon: ID:nBSE7xGdFC

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Sept 15 (Reuters) - Coromandel International Ltd CORF.NS:

• EXECUTED SALE DEED WITH COROMANDEL INTERNATIONAL TO SELL PART OF CO'S LAND AT CHENNAI

• CONSIDERATION RECEIVED 502.8 MILLION RUPEES

Source text for Eikon: ID:nBSE48RsKZ

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July 27 (Reuters) - Coromandel International Ltd CORF.NS:

• COROMANDEL INTERNATIONAL Q1 CONSOL NET PAT 4.94 BILLION RUPEES; REFINITIV IBES EST. 4.22 BILLION RUPEES

• COROMANDEL INTERNATIONAL Q1 CONSOL REVENUE FROM OPERATIONS 56.93 BILLION RUPEES

• COROMANDEL INTERNATIONAL Q1 YEAR AGO PROFIT 4.99 BILLION RUPEES, REVENUE 57.29 BILLION RUPEES

Source text for Eikon: ID:nBSE22W7F6

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June 29 (Reuters) - Coromandel International Ltd CORF.NS:

• APPROVED ACQUISITION OF 32.68% STAKE IN DHAKSHA UNMANNED SYSTEMS BY COROMANDEL TECHNOLOGY

• APPROVED SALE, TRANSFER OF 18.34% EQUITY STAKE IN DHAKSHA AT COST BY DARE VENTURES TO COROMANDEL TECHNOLOGY

• TOTAL COST OF ACQUISITION WILL BE 2.04 BILLION RUPEES

Source text for Eikon: ID:nBSEppwR7

Further company coverage: CORF.NS

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** Shares of India's Coromandel International CORF.NS up as much as 2.82% at 968.85 rupees - steepest intraday climb since May 17

** Co posts highest level since June 8

** Nearly 865,000 CORF shares change hands in two block deals priced at 961.05 and 961.30 rupees apiece, respectively

** Shares trading above 50-day and 100-day simple moving averages, indicating bullish trend

** More than 1.8 mln shares change hands by 12:23 P.M. IST, 3.7x 30-day avg

** Co sees busiest day since Dec. 8, 2022

** Nine out of 10 analysts rate the stock "buy" or higher, 1 suggests "hold"; median TP 1,184.5 rupees - Refinitiv IBES data

** Including session's gains, stock up ~8% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

BENGALURU, May 18 (Reuters) - India's Gujarat Narmada Valley Fertilizers & Chemicals Ltd GNFC.NS reported a nearly 48% fall in quarterly profit on Thursday, hit by weak demand in the agriculture sector.

Consolidated net profit fell to 3.36 billion rupees ($41.09 million) in the quarter ended March 31, from 6.43 billion rupees a year ago.

Fertilizer chemical manufacturers have seen their profit squeezed due to lower demand in a seasonally weak quarter, even as they incurred expenses in maintaining surplus inventory.

Some analysts have also warned that rising concerns tied to the El-Niño weather pattern could hurt businesses in the agriculture sector.

Earlier this week, Gujarat Narmada's competitors Deepak Fertilisers and Petrochemicals DPFE.NS and Coromandel International CORF.NS also reported a fall in their quarterly profits due to lower sales.

The state-owned company saw a 3.2% drop in its fertilizer segment revenue and a 23.4% fall in its chemicals business. This hit the company's revenue from operations, which fell 18.1%.

"The Bharuch complex underwent annual shutdown from the last week of March, which had some volume related impacts in the fourth quarter apart from wage revision accruals on year-on-year basis," said Managing Director Pankaj Joshi.

Shares of the company closed 8% lower on Thursday ahead of the results.

($1 = 81.78 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru; Editing by Shailesh Kuber)

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May 15 (Reuters) - Coromandel International Ltd CORF.NS:

• COROMANDEL INTERNATIONAL MARCH-QUARTER CONSOL NET PAT 2.46 BILLION RUPEES VERSUS 2.9 BILLION RUPEES

• COROMANDEL INTERNATIONAL MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 54.76 BILLION RUPEES VERSUS 42.27 BILLION RUPEES

• FINAL DIVIDEND OF 6 RUPEES PER SHARE

Source text for Eikon: ID:nBSE5SV1tx

Further company coverage: CORF.NS

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