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Coromandel Fert JV in Tunisia

Our Bureau

HYDERABAD: Coromandel Fertilisers Ltd (CFL), part of the Murugappa Group, has informed stock exchanges that it has entered into a memorandum of understanding (MoU) with Groupe Chimique Tunisien (GCT) and Compagnie des Phosphates de Gafsa (CPG) for a joint venture project in Tunisia to manufacture phosphoric acid. The company said it would be subscribing to 15 per cent of the equity in the proposed joint venture.

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