Coromandel International shares were trading in the green on 17 November after the company unveiled its Nanotechnology Center at Coimbatore, Tamil Nadu.

The new Nanotechnology Center at Coimbatore, Tamil Nadu, will support the company’s effort towards the development of a wide range of nano-enabled agro-inputs for plant nutrients and crop production.

This is the company’s sixth R&D (research and development) facility and the second tech centre that will focus on the development of next-generation agri-inputs.

The Nanotechnology Center is fully equipped with high-end equipment and research rolls for carrying out cutting-edge R&D work for characterization, synthesis, evaluation of nano products, and biosafety testing.

The centre will facilitate a wider application of nano-inputs in agriculture by spreading scientific data and knowledge to farmers, scientists, and policymakers.

In its quarterly report for July-September, the company reported a 55.03% year-on-year increase in its revenue to Rs 29,627.91 crore during the quarter from Rs 19,110.85 crore reported in the year-ago quarter.

At 3:30 pm, the shares of Coromandel International closed 0.045% lower at Rs 1,119 on NSE.