The union Cabinet approved a subsidy of ₹24,420 crore for phosphatic and potassic fertilisers for the upcoming kharif season, while maintaining the rate for di-ammonium phosphate at ₹1,350 per bag of 50 kg. The Cabinet also approved three new fertiliser grades under the Nutrient-Based Subsidy scheme to reduce import dependence.
Coromandel is one of India's largest phosphatic fertilizer players, with a diverse range of agri-products to meet farmers' needs. The company is expanding its agricultural presence with the increased use of complex fertilizers.