Wednesday, May 14 2025 | Time 22:00 Hrs(IST)
Business EconomyPosted at: May 14 2025 12:40AM


Coromandel Chemicals enters into JV with Sakarni Plaster for Green building materials

Hyderabad, May 13 (UNI) Coromandel Chemicals Limited, a wholly-owned subsidiary of Coromandel International Limited, on Tuesday said it has signed definitive agreements to form a joint venture with Sakarni Plaster for the manufacture and sale of Phospho Gypsum-based Green Building Materials.
This Joint Venture enables Coromandel to diversify beyond its core agri-inputs business, enhance integration synergies and create long-term value, the company said in a release here.
The state-of-the-art manufacturing facility will be established by the Joint Venture in Visakhapatnam ( Andhra Pradesh ) adjacent to Coromandel’s fertilizer plant, ensuring reliable feedstock availability through gypsum generated as a by-product from fertilizer operations.
For Sakarni, the alliance facilitates expansion of its product portfolio, market diversification and reinforces its leadership in the gypsum plaster industry.
This venture is India’s first large-scale initiative to promote sustainable green building products.
The joint venture aims to capitalize on the rapidly expanding gypsum plaster market, driven by a growing construction sector, the rising need for affordable housing and demand for eco-friendly, durable building materials.
Phospho Gypsum products have a significantly lower carbon footprint compared to natural gypsum by avoiding mining activity, reducing environmental load and contributing positively towards waste to wealth goals under Circular Economy framework.
The Joint Venture also complements the Government of India’s push towards import substitution, self-reliance in raw materials and responsible waste management as articulated under the DPIIT’s circular economy roadmap. UNI KNR SSP
Tags: #Coromandel Chemicals enters into JV with Sakarni Plaster for Green building materials
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