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Agro Universities, Award, India, People, R&D, Seeds

Dr Singh’s groundbreaking work includes the development and release of over 550 wheat varieties.

Dr Ravi Prakash Singh, a globally recognised wheat scientist, has been honoured with the prestigious Padma Shri award for his exceptional contributions to wheat research and development. As the Head of Global Wheat Improvement at CIMMYT, Dr Singh has dedicated nearly four decades to enhancing wheat yields and combating hunger worldwide. His journey in plant breeding, beginning with his master’s at BHU and culminating in a Ph.D. from the University of Sydney, has been marked by significant breakthroughs in wheat disease resistance and yield improvement.

Dr Ravi Prakash Singh, a distinguished wheat scientist and Padma Shri awardee, has significantly enhanced global wheat production with his pioneering research at CIMMYT. Recognised for developing over 550 wheat varieties and his focus on genetic disease resistance, Dr Singh’s work has been pivotal in increasing food production and nutritional quality worldwide. His efforts have strengthened partnerships between CIMMYT, ICAR, and various Indian institutions, making a profound impact on global food security and agricultural sustainability.

Dr Singh’s groundbreaking work includes the development and release of over 550 wheat varieties. His focus on genetic resistance against rust diseases has been instrumental in safeguarding wheat crops globally. At CIMMYT, his post-doctoral research has led to innovations that have bolstered partnerships with ICAR and agricultural universities in India, benefiting millions of farmers with higher-yielding, disease-resistant wheat varieties.

Dr. Singh’s contributions to wheat science have earned him numerous accolades, including the Pravasi Bharatiya Samman Award, the Young Scientist Award from INSA, and honors from various international organizations. His work has not only advanced scientific understanding but has also had a tangible impact on farmers’ livelihoods and global food production.

Dr Singh’s groundbreaking work includes the development

Agribusiness, Agro Universities

AMTPL will arrange buyers, provide working capital for youth through bank loans, offer free training on processes, products, technology, and pricing, and support KVKs in using AMTPL’s technology platform.

A Memorandum of Understanding was signed between ICAR-Agricultural Technology Application Research Institute, Kolkata and AgroPreneurs Market Technologies Pvt. Ltd., Ahmedabad, for the development of women entrepreneurs in agri-business and procurement of farm-produce directly from farmers under the brand Grains Global.

ICAR-ATARI and AMTPL are partnering to assist AgroPreneurs in finding suitable markets and building their farmer networks. AMTPL will arrange buyers, provide working capital for youth through bank loans, offer free training on processes, products, technology, and pricing, and support KVKs in using AMTPL’s technology platform, thereby enhancing their ability to handle farm produce.

Dr Pradip Dey, Director, ICAR-ATARI, Kolkata and Prasun Dey, Director, AMTPL, signed the MoU on behalf of their organisations.The signing and exchange of the Memorandum of Understanding was witnessed by Dr. P. Bandopadhyay, Director, Extension Education, Bidhan Chandra Krishi Viswavidyalaya, Nadia.

AMTPL will arrange buyers, provide working capital

Agribusiness, Agro chems – Chemicals, Company News, Finance, India

The company has reported total income of Rs. 644.6238 crores during the period ended December 31, 2023, as compared to Rs.1020.0410 crores during the period ended December 31, 2022.

Agrochemical major, Sharda Cropchem Limited has reported Consolidated financial results for the period ended December 31, 2023.The company has posted total income of Rs. 644.6238 crores during the period ended December 31, 2023 as compared to Rs. 604.3484 crores during the period ended September 30, 2023.

The company has reported net profit / (loss) of Rs. 4.6380 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs 27.5812 crores for the period ended September 30, 2023.

The company has reported total income of Rs. 644.6238 crores during the period ended December 31, 2023 as compared to Rs.1020.0410 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.4.6380 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs 108.3925 crores for the period ended December 31, 2022.

The company has reported total income of Rs.1912.7410 crores during the 9 Months period ended December 31, 2023 as compared to Rs.2596.5702 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs 111.5831 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.143.1246 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs. 0.51 for the period ended December 31, 2023, as compared to Rs. -3.06 for the period ended September 30, 2023.

The company has reported total income of

Agbiologicals, Agrotech, Biofertilizers, Company News, Europe

Soil-Jet BSP100 is meticulously designed for agriculture, horticulture, sports turf amenity, and forestry.

Bionema Group, a pioneering developer of sustainable biocontrol solutions for crop protection and plant health management, has announced a transformative breakthrough in the agricultural sector with the introduction of Soil-Jet® BSP100.

This revolutionary biodegradable surfactant is poised to redefine agriculture by enhancing the effectiveness of biologicals and agrochemicals while nurturing plant health and growth. Soil-Jet® BSP100, featuring patented Polyether-Modified Polysiloxane technology, is set to reshape irrigation and fertigation practices worldwide.

Dr Minshad Ansari, CEO and founder of Bionema, expressed his excitement about this remarkable achievement, stating, “Soil-Jet® BSP100 represents a game-changing advancement in agriculture. It harnesses the power of biodegradable surfactants to optimize water and nutrient utilisation, combat soil water repellence and create an ideal environment for robust plant growth. This innovation perfectly aligns with our mission to promote biological solutions for sustainable agriculture practices while reducing the use of pesticides and fertilisers, ultimately promoting healthier soil.”

Field trials conducted in several countries demonstrate a 20-30 per cent increase in the efficacy of agricultural biologicals and agrochemicals compared to existing products. Soil-Jet BSP100 is meticulously designed for agriculture, horticulture, sports turf amenity, and forestry, offering improved efficacy for agricultural biological products and agrochemicals by enhancing deposition, adhesion, and retention on soil and plant leaves, resulting in increased efficiency.

For optimal results, apply Soil-Jet® BSP100 at a rate ranging from 1 to 2 litres per hectare (L/ha) across various crops, including vegetables, grapes, fruits, turf, ornamentals, and more. It is advisable to repeat applications at intervals of at least 10 days, up to a maximum of 6 times per growing season, while adhering to regular irrigation practices between application cycles.

Soil-Jet BSP100 is meticulously designed for agriculture,

Agribusiness, Cold Storage, Company News, Finance, India, Investments, Supply Chain

Maersk’s new Cold Store facility will offer temperature-controlled storage solutions for perishable frozen processed food items.

A.P. Moller–Maersk (Maersk), the global integrated logistics company, broke ground for its upcoming Rs 113 crore Cold Store facility at Mehsana in North Gujarat, stated an official release. Being built exclusively for HyFun Foods, the brand-new facility will offer temperature-controlled storage solutions for perishable frozen processed food items.

Maersk’s new Cold Store facility spread over 2.6 lakh square feet will be constructed close to the HyFun Foods’ manufacturing facility and will serve as the mother Cold Store facility. The 14,700-pallet position facility will be built at the Fanidhar Mega Food Park and will be one of India’s largest single-shed cold stores. The large facility will help the customer store all the cargo in a single facility instead of multiple smaller facilities before dispatch.

“Frozen food items need high quality, unbroken cold chain logistics solutions to preserve their integrity. Our new, state-of-the-art facility at Mehsana will be equipped with the highest standards of temperature compliance, with customised racking system to suit customer’s exact requirements, and modern technology to ensure top-notch operational accuracy,” said Vikash Agarwal, Managing Director, Maersk South Asia.

Maersk’s existing integrated cold chain solution provided to the customer will continue to ensure that an unbroken cold chain logistics solution is provided to the customer as the cargo moves from the manufacturing facility. This includes landside transportation to the port by road and rail, coordination at the port, customs clearances and ocean transportation for all export cargo, making this investment a step towards a truly integrated and end-to-end logistics solution.

Maersk also provides the customer with Captain Peter solution, a Remote Container Management system, that provides full visibility to the customer during cold chain transportation. It monitors temperature and other critical elements necessary to ensure the integrity of cold chain logistics at the fingertip of the customer.

The facility will boast of operational and sustainable excellence using Ammonia refrigeration, which is a natural gas with zero Global Warming Potential (GWP). The facility will also use high-efficiency compressors that operate with lower power consumption. PIR panels will be used at the cold store facility which are built for fire resistance and have lower thermal conductivity.

The facility will be equipped with modern warehouse management systems that will ensure the most efficient inventory management. It also provides real-time visibility to the customer on inventory developments in order to let the customer make informed decisions on inventory management. The facility will adhere to the highest safety standards as well such as a human-friendly staging area and a robust fire detection and firefighting system, the release mentioned.

Maersk’s new Cold Store facility will offer

Agribusiness, Carbon Farming, Company News, Finance, India, Investments

Grow India operates the largest carbon farming platform for smallholder farmers in India. The platform includes four carbon programs across 13 states.

Grow Indigo, a leading science enabled sustainable agriculture company has successfully raised over USD $8 million in a recent funding round with a cumulative capital raise of more than USD $23 million to date. The round saw interest from investors globally including participation from Indigo Ag, Mahyco and individuals. Grow India is a joint venture between Indigo Ag and Mahyco that was formed in 2018.

Grow India operates the largest carbon farming platform for smallholder farmers in India. The platform includes four carbon programs across 13 states and cumulatively aim to reduce/ remove emissions by 20Mt CO2e annually from agriculture. About 800,000 acres have already been enrolled in the Company’s programs.

“With sustainability at its core, Grow Indigo has now demonstrated adoption of biological inputs and carbon solutions at scale by farmers,” said Dr Usha Barwale Zehr, Executive Chairman of Grow Indigo. “This lays the foundation for rapid growth of sustainable agriculture in the coming years.” 

In partnership with leading research organizations, the Company uses its science capabilities including satellite imagery analysis to monitor and measure soil carbon sequestration and on-farm GHG emission reductions. Grow Indigo is also helping food, beverage and apparel companies reduce their scope 3 emissions in their supply chains with sustainably grown crops. Farmers are incentivised based on the verified outcomes of carbon mitigation efforts, and the company expects to enroll over 7.5 million acres in the coming years. Carbon, a new revenue stream for farmers, could become the 5th largest agri-export commodity from India, and is expected to generate an additional USD $7 billion annually as income for smallholder farmers by 2030.

The company’s biological products today are used on 4 million acres in 16 states with an extensive network of channel partners. These products enable farmers to reduce their chemical inputs and increase resilience through enhanced nutrient use efficiency, water use efficiency, reclaiming soil health, insect-disease control using biopesticides and increased ability to mitigate abiotic stresses using biostimulants. With a strong focus on research and development, the company has a robust pipeline of new products.

Grow Indigo has built a skilled team of over 250 Agronomists, Researchers, Data Scientists, Engineers, and Sales Professionals, dedicated to scaling up climate solutions through regenerative agricultural practices.

Grow India operates the largest carbon farming

Agribusiness, Agrotech, Company News, Digital Technologies, India

 Crystal Crop will focus 4 key states by utilising Arya.ag’s advanced satellite crop monitoring tool, “Prakshep”, which aims to provide in-depth insights into crop dynamics.

Arya.ag, India’s largest and only profitable grain commerce platform, has partnered with Crystal Crop Protection Limited, a pioneer in providing innovative crop protection, seeds and farming solutions. This partnership implements a PAN India crop monitoring initiative utilizing Arya.ag’s advanced satellite crop monitoring tool, “Prakshep”, which aims to provide in-depth insights into crop dynamics, empowering farmers with sustainable strategies to enhance farm productivity and income.

Crystal Crop Protection Limited aligns its data-driven decision-making processes with its strategic focus on key locations across India. Farmers in Rajasthan, Uttar Pradesh, Maharashtra, Haryana, Madhya Pradesh, Gujarat, Karnataka, and Tamil Nadu will utilise this initiative to ensure sustainable farm practices and better yields. These regions, integral to India’s agrarian economy, will receive special attention under this program. This long- term collaboration intends to evolve dynamically, adapting to the changing needs and challenges of India’s agricultural landscape.

Prasanna Rao, CEO and Co-Founder of Arya.ag, shares his vision for this collaboration, stating, “Our satellite crop monitoring solutions, powered by advanced AI and ML technologies, aim for a sustainable future. By harnessing Prakshep’s power, we intend to bring precision agriculture to farmers’ fingertips, empowering Agri-input organisations. This partnership signifies a significant step toward a more data-driven and technologically advanced agricultural sector in India, promising a productive future for our farmers.”

Crystal Crop Protection Limited, with its integrated operations spanning R&D, manufacturing, and extensive distribution networks, aligns seamlessly with Arya.ag’s mission to provide sustainable solutions to Indian farmers.

“Our collaboration with Arya.ag aims to embrace advanced technologies for the benefit of the agriculture sector. We aim to increase farm productivity and farmer income while promoting sustainable farming practices, cost savings, and improved decision-making for farmers across the nation,” said  Satyender Singh, CEO- Seeds at Crystal Crop Protection Limited.

This partnership stands as a testament to Arya.ag and Crystal Crop Protection Limited’s shared vision of a sustainable and technology-driven future for Indian agriculture. By unlocking the potential of Prakshep and incorporating Crystal Crop Protection’s expertise, the collaboration aims to contribute to a more resilient and prosperous future for farmers across the country.

 Crystal Crop will focus 4 key states

Agro Universities, Bee keeping, Company News

 Participants were trained about the intricate process of honeybee pollination and its profound impact on crop yields and quality.

FMC India, an agricultural sciences company, has successfully completed its final training program in Sitarganj, in collaboration with the prestigious G.B. Pant University of Agriculture & Technology (GBPUAT). The initiative is a part of FMC’s flagship project Madhu Shakti that aims to develop entrepreneurship among rural women through beekeeping.

Organized at the GBPUAT’s campus in Pant Nagar, Uttarakhand the weeklong training program was attended by more than 40 participants, including a select group of 38 women farmers from various villages of Uttarakhand. Featuring a well-structured curriculum comprising theoretical sessions on beekeeping fundamentals, interactive workshops, and hands-on practical activities. Participants were trained about the intricate process of honeybee pollination and its profound impact on crop yields and quality. Practical skills, such as relocating natural colonies to bee boxes, were also a focal point. Beyond technical and practical skills, the program placed a significant emphasis on cultivating an entrepreneurial mindset among the participants.   

 Ravi Annavarapu, President, FMC India said, “It gives us immense joy to see how project Madhu Shakti is progressing in its second year with relentless support from our partners, GB Pant University.  At FMC, our mission is to foster women’s entrepreneurship and sustainable agricultural practices in the rural Uttarakhand region through this project. The completion of this training program in beekeeping is a significant step towards empowering women farmers and leaving a positive mark on the agricultural landscape in the region. Our team’s unwavering commitment highlights our vision for a future that is inclusive as well as sustainable for rural communities in Uttarakhand.”

At the end of the week, all trainees were provided with bee colonies and the requisite kits for bee rearing. As certified master trainers, the women trained in the session are also responsible for imparting their acquired knowledge to others, further fostering entrepreneurship opportunities among rural women in the region.

With the training completed, GBPUAT will now focus on encouraging farmers to increase bee colonies on their farms and optimize their product yields. The university will conduct periodic visits to the designated region, ensuring that every master trainer monitors and leads in disseminating the acquired knowledge to fellow farmers. Additionally, the university will work with FMC India to develop a detailed protocol for the application of crop protection products for selected crops. 

Madhu Shakti is a three-year long initiative launched in May 2022 in collaboration with the GBPAUT. The project is in its third year and progressing successfully in three selected locations: Almora, Kotabagh, and Sitarganj.

 Participants were trained about the intricate process

Agrotech, Company News, Digital Technologies

Neatleaf technology has been developed over the last several years to detect plant issues even before the human eye can detect them

Neatleaf™, a first-of-its-kind cultivation management platform that uses data, AI, and robotics to help the cultivation industry manage their crops and improve their yields, has secured $4 million led by AgFunder, one of the world’s most active food tech and agtech investors.

The company’s flagship product, the Neatleaf Spyder, is a fully autonomous robotic platform that scans indoor cultivation crops generating millions of data points on plant health and growth metrics. This data is analyzed and turned into actionable insights for the cultivation team to assess, monitor, and remedy. “We believe that data is one of the most crucial tools a farmer can have today,” said Elmar Mair, Neatleaf Founder and CEO. “Our AI-driven technology will save growers time and money but more importantly, allow them to grow healthier, more profitable crops through daily management and forecasting tools. This funding will allow us to increase production and deliver the benefits of automation and AI to more growers.”

Neatleaf technology has been developed over the last several years to detect plant issues even before the human eye can detect them. The Spyder looks at every plant multiple times and can “go back in time” to show when a problem began. Data analytics can compare growth conditions across multiple growth cycles as well as across facilities which is crucial for crop steering and planning. With remote monitoring, growers can save travel costs and optimise an often overworked staff.

Neatleaf technology has been developed over the

Agrotech, Company News, Start ups

Companies demonstrate John Deere’s commitment to customers’ future needs

Deere & Company announced the names of six companies chosen for its 2024 Startup Collaborator program. The John Deere Startup Collaborator program was launched in 2019 to enhance and deepen the company’s interaction with startup companies whose technology could add value for ag and construction customers.

“The startup program is mutually beneficial for John Deere and the startup companies that participate,” said Dennis Muszalski, VP, Module & Electrification Systems Engineering. “The program is based on finding benefits for our customers. The goal is to learn together and explore new ways to help customers unlock more value in ways they never thought possible.”

The companies participating in the 2024 Startup Collaborator include:

Constellr – a company measuring land surface temperature and water from its satellites at unprecedented accuracy levels to enable insights for a more sustainable future.

Geminos – an artificial intelligence company empowering businesses to understand and leverage causality for enhanced decision-making.

SB Quantum – a quantum sensing company focused on navigation based on a novel quantum magnetometer.

Fermata Energy – a leader in vehicle-to-everything (V2X) bidirectional charging platform technology.

goFlux – a Brazil based logistics company focused on digital solutions to connect the ecosystem for freight transactions.

Cloudscape Labs – a production management software company focused on providing job site visibility across the construction team to help meet production, cost, and safety targets.

“The cohort this year represents a diverse group of solutions that are applicable across a range of challenges and opportunities that our customers face,” said Cody Sorge, Business Development Manager for the John Deere Intelligent Solutions Group. “We look forward to working side by side with these companies to learn together regarding their solutions and how they can apply to John Deere customers in Agriculture and Construction.”

Companies demonstrate John Deere's commitment to customers'

Agribusiness, Agrotech, R&D, Seeds

This technology plays a central role in the variable rate metering system used in its seeding and planting equipment, underscoring Clean Seed’s competitive edge in the global precision seeding marketplace.

Clean Seed Capital Group Ltd. has announced the issuance of patents in Mexico for its flow control technology. This technology plays a central role in the variable rate metering system used in its seeding and planting equipment, underscoring Clean Seed’s competitive edge in the global precision seeding marketplace.

Clean Seed’s SMART Seeder technology stands out for its unique design and revolutionary capabilities, offering modularity and scalability. With a rich intellectual property portfolio and patents spanning 25 countries, Clean Seed is poised to expand its reach into emerging markets.

Graeme Lempriere, Chairman & CEO stated, “We are pleased to have another patent issued for our technology carrying a 20-year shelf life.  These types of direct issuances quantify Clean Seed as being the leader in multiple product variable rate seeding development worldwide.  We look forward to expanding our initiates as we progress.”

We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at an incredibly high level. We pride ourselves as progress facilitators that turn solutions for modern agricultural problem into commercially viable products to fulfil new demand.

Clean Seed’s SMART Seeder™ technologies are revolutionary seeding tools that utilise the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row variable rate technology at the forefront of agricultural innovation. Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer.

This technology plays a central role in

Agro Universities, People, R&D

Dr Blade will officially assume his role as Deputy Director General-Research at ICRISAT on 1 April 2024.

The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has announced the appointment of Dr Stanford Blade as the new Deputy Director General-Research. Dr Blade has an extensive background in agricultural research and brings a wealth of experience and expertise to this critical leadership position. Dr Blade will officially assume his role as Deputy Director General-Research at ICRISAT on 1 April 2024.

Prior to joining ICRISAT, Dr Blade served as the Dean of the Faculty of Agricultural, Life and Environmental Sciences (ALES) at the University of Alberta, Canada. He has also served as the Deputy Director General-Research for the International Institute of Tropical Agriculture (IITA) and as Vice-Chair on the Board of Trustees of the African Agricultural Technology Foundation, a Nairobi-based agency supported by the Bill and Melinda Gates Foundation.

Dr Jacqueline d’Arros Hughes, Director General of ICRISAT, officially welcomed the appointment. “We are pleased to have Dr Stanford Blade join the organization as Deputy Director General-Research. His substantial experience, both in academia and international research institutions, will undoubtedly strengthen ICRISAT’s capacity to tackle the intricate challenges confronted by farmers in the semi-arid tropics. We look forward to his leadership in driving impactful and sustainable agricultural research,” said Dr Hughes.

Dr Blade holds a Ph.D. from McGill University for plant breeding/cropping systems research, conducted at IITA and supported by a Government of Canada Doctoral Scholarship. His global recognition in the field of agriculture was underscored in 2018 when he was named an International Fellow of the Royal Swedish Academy of Agriculture and Forestry.

“I am honored to join ICRISAT and work alongside a team of dedicated professionals committed to advancing agricultural research for the benefit of smallholder farmers. I look forward to contributing to the institute’s mission of enhancing food security, improving livelihoods, and sustaining natural resources in the semi-arid tropics” said Dr Stanford Blade.

ICRISAT looks forward to the positive impact his leadership will have on the institute’s research initiatives and global contributions to sustainable agriculture.

Dr Blade will officially assume his role

AgroPolicy, India

This initiative aims to develop an investment and partnership strategy to advance climate resilient agrifood systems.

NITI Aayog, Ministry of Agriculture and Farmers’ Welfare (MoA&FW), Government of India, and Food and Agriculture Organization (FAO) of the United Nations jointly launched the ‘Investment Forum for Advancing Climate Resilient Agrifood Systems in India’ in New Delhi. It was launched during a two-day Multi-stakeholder Meeting held on January 18-19, 2024, at the India International Centre, New Delhi. This initiative aims to develop an investment and partnership strategy to advance climate resilient agrifood systems among the government, private sectors, and farmers’ organizations and financial institutions in India.

The two-day meet paved the way for discussions and deliberations among key stakeholders, and their perspectives on national priorities, investment opportunities, partnership, technical support and cooperation. The Forum facilitated discussions and deliberations on six key areas namely, (i) Climate resilient agriculture (experiences and pathways) (ii) Digital infrastructure and solutions (iii) Financing climate resilient agrifood systems (domestic and global) (iv) Climate resilient value chains(v) Production practices and inputs for climate resilience and (vi) Gender mainstreaming and social inclusion for climate resilience.

Delivering the keynote address at the inauguration, Prof Ramesh Chand, Member, NITI Aayog emphasized the need for awareness on how agriculture contributes to climate change, citing a contribution of a little more than 13 per cent of total greenhouse gas emissions in the country. He observed that agriculture could play a role in carbon sequestration through tree plantation on farmland.  Prof Chand also called for a new direction in economic analysis of agriculture production, considering impact on natural resources, climate change and future generations. He proposed incorporating metrics beyond financial prices to evaluate the economic impact of agricultural activities.

Manoj Ahuja, Secretary, MoA&FW, Government of India highlighted the significance of a multi-stakeholder approach in addressing climate challenges in India. He also discussed the spatial and temporal distribution of climate patterns affecting farming activities and called upon the need for localized responses.

Shombi Sharp, UN Resident Coordinator in India emphasized that without an answer to financial crisis there can be no answer to the food crisis. She observed that with food demand predicted to grow by at least 50 per cent by 2050, we urgently need to scale up investments in climate resilience in agriculture to ensure future generations have the resources needed to grow enough food.

The FAO Representative in India, Takayuki Hagiwara, highlighted the importance of de-risking. This includes considering the flow of working capital, labor availability, sustainability and impact on the environment, the role of women in agrifood systems, and other factors.

This initiative aims to develop an investment

Agribusiness, Agro chems – Chemicals, Company News, Finance, India, Inputs

 Company’s Profit After Tax Margin improved by 60 bps under challenging conditions.

Rallis India Limited, a TATA Enterprise and a leading player in the Agri inputs industry announced its financial results for the quarter ended December 31, 2023.

The Company recorded revenue of Rs 598 Cr for the third quarter ending December 31, 2023, vs Rs 630 Cr over PY. Profit after tax (after exceptional items) was at Rs 24 Cr vs Rs 22 Cr of PY.

Announcing the results, Sanjiv Lal, Managing Director & CEO, Rallis India, said, “During the Quarter, our Domestic business maintained its momentum despite challenging external conditions, recording volume growth of 7 per cent. However, challenges continued on the export front due to steep price drop and weak demand on account of continuing inventory overhang at industry level. Our focus on optimizing working capital and margin improvement continues.

We are closely monitoring Global market demand recovery and remain cautious about El Nino conditions. Global agro-chemical demand is still soft and is expected to recover only next financial year. Meanwhile, the company’s long-term strategy remains unchanged and is focused on refreshing product portfolio, widening of market reach, increasing manufacturing capacities and digitalization in operations”.

Key Developments

Continued its focus on refreshing its Domestic crop care portfolio and launched 3 new products in Crop Care & 4 in Seeds

CSM: Commercial dispatches done for one active ingredient and one formulation from our new MPP and Formulation facilities respectively.

Rallis will commence the construction of integrated R&D facility. Rallis is also planning to further expand capacity of “Pendimethalin”

Rallis awarded with Silver award by “ICAI Sustainability Reporting Awards FY23” for BRSR reporting.

 Company’s Profit After Tax Margin improved by