Coromandel Chemicals Limited, a wholly-owned subsidiary of Coromandel International Limited, has entered into a definitive joint venture agreement with Sakarni Plaster to manufacture and market green building materials made from Phospho Gypsum. This strategic collaboration marks a significant shift for Coromandel, enabling it to expand beyond its core agri-inputs portfolio. For Sakarni, the venture enhances its market reach and strengthens its position as a leading player in the gypsum plaster industry.
Pioneering India’s First Large-Scale Green Building Initiative
Aligned with the Government of India’s Circular Economy vision, this joint venture is the country’s first major initiative focused on sustainable gypsum-based building products. The partners aim to leverage the growing demand for eco-friendly and durable construction materials in India. This comes amid rising infrastructure development and an increasing need for affordable housing.
Phospho Gypsum, a by-product of fertilizer manufacturing, offers a sustainable alternative to mined natural gypsum. By repurposing this industrial waste, the venture supports environmental conservation and reduces carbon emissions. It also contributes to the Government’s ‘waste to wealth’ mission.
Supporting Self-Reliance and Responsible Resource Use
Beyond environmental benefits, the joint venture also aligns with national priorities such as import substitution and raw material self-reliance. It supports the Department for Promotion of Industry and Internal Trade’s (DPIIT) circular economy roadmap by promoting efficient waste management and indigenous production.
Strategically Located Manufacturing Hub in Visakhapatnam
As per the press release, the state-of-the-art manufacturing plant will be set up in Visakhapatnam, adjacent to Coromandel’s fertilizer facility. This location ensures a steady and reliable supply of Phospho Gypsum, seamlessly integrating with existing operations and enhancing cost efficiencies.
Leadership Speaks: Commitment to Sustainability and Growth
S Sankarasubramanian, Managing Director and CEO of Coromandel International Limited, stated, “This joint venture is a strategic step forward in our journey toward sustainability and circular economy goals. By transforming industrial by-products into high-quality green construction materials, we are opening new growth avenues and reducing environmental impact. The partnership with Sakarni combines our manufacturing strengths with their market leadership. Together, we aim to offer reliable, eco-friendly solutions that meet the evolving needs of India’s housing and infrastructure sectors. It’s a true embodiment of the Atmanirbhar Bharat vision.”
