Coromandel International has signed a non-binding Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) on November 13, 2025. The MoU proposes an investment of up to Rs 2,000 Crores towards initiatives aligned with the company’s business objectives and the industrial development of Andhra Pradesh. This agreement establishes a framework for executing projects in compliance with governmental policies.
Strategic Partnership for Economic Growth
Coromandel International has formalized a strategic intent to collaborate with the Andhra Pradesh Economic Development Board (APEDB). On November 13, 2025, the company executed a non-binding Memorandum of Understanding (MoU) to facilitate this partnership and pave the way for future investments in the region.
Investment and Objectives
The Memorandum of Understanding outlines a proposed investment of up to Rs 2,000 Crores. This investment is intended to support various initiatives that align with Coromandel International’s business objectives and contribute to the overall industrial development of Andhra Pradesh. The MoU provides a structured approach for the timely and effective execution of these projects, adhering to the policies and regulations set by the Government of Andhra Pradesh.
Framework for Collaboration
This non-binding agreement serves as a framework for future collaboration and project execution. It underscores Coromandel International’s commitment to supporting economic growth and development through strategic investments in key regions. The company aims to work in close coordination with the APEDB to ensure that these initiatives are aligned with the state’s development priorities.
Source: BSE
