Epic Research Update : Coromandel International

Coromandel International has entered into a Joint Venture Agreement (JVA) with Yanmar Company and Mitsui & Company (Asia Pacific), for manufacture and marketing of Yanmar branded rice transplanters and harvesters. The JVA was signed on April 25, 2014 and a new company will be set up in due course. Under the JVA the capital contribution would be in the ratio of 40% by the company, 40% by Yanmar and 20% by Mitsui. The estimated capital cost of the project is Rs 40 crore.

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