Coromandel International Ltd. has approved setting up new Phosphoric Acid and Sulphuric Acid Plants at Kakinada, Andhra Pradesh with a proposed capacity addition of 750 TPD and 1800 TPD respectively, within 24 months and an investment of Rs. 1,029 Crores, financed through internal accruals/loans, to reduce dependence on imports and make Kakinada an integrated facility.