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Finance

Godrej Agrovet posts consolidated income of Rs.6, 876.2 Cr in FY 2020

For the full year ended March 31, 2020, company reported consolidated total income of Rs.6, 876.2 crore which reflects year-on-year growth of 15.7%.   Godrej Agrovet Limited has reported its…

Ag Ministry allocates Rs 2250 Cr to boost horticulture sector    

Mission for Integrated Development of Horticulture’ (MIDH) covering fruits, vegetables, root and tuber crops, mushrooms, spices, flowers, aromatic plants, coconut, cashew and cocoa.     Keeping in view the huge…

CNH Industrial’s Q1 FY 2021 net income hits $425 Mn

Net sales of Industrial Activities of $7,043 million, up 41 per cent due to higher volumes, were driven by strong industry demand, particularly in Agriculture and Commercial and Specialty Vehicles…

Corteva posts 6% rise in net sales for Q1 2021

New product sales in Crop Protection increased more than $120 million compared to prior year. Corteva, Inc. has reported financial results for the three months ended March 31, 2021. Ongoing…

Precision AI raises $20 Mn to cut herbicide use

The Seed round was co-led by At One Ventures, and the Industrial Innovation Venture Fund of BDC Capital, with participation from Fulcrum Global Capital and Golden Opportunities Fund. Precision AI,…

Mahindra sells 26130 tractors in domestic market in April 2021  

Total tractor sales (Domestic + Exports) during April 2021 were at 27523 units, as against 4772 units for the same period last year        Mahindra & Mahindra Ltd.’s…

Coromandel International posts weak performance in Q4 FY21

Lower Fertilizer margin , higher RM cost and maintenance shutdowns drags down overall performance      Coromandel International (CRIN) reported a weak performance on the back of margin contraction in…

Centre continues old price of FCI rice for ethanol production

For FY 2021-22, Government has decided to continue the price of FCI rice to Rs 2000/quintal for the production of ethanol. With a view to supporting the sugar sector and…

Post-harvest start up Arya disburse Rs 280 Cr loans in FY 21

From Rs. 27 Crores in March’19, the company has seen a jump of 640 per cent till date.    Arya, India’s leading post-harvest Agritech player through its digital financial solutions…

ADAMA posts 14% rise in sales of Q1 2021  

Sales grew by 14% to a Q1 record-high of $1,109 million, driven by continued robust 15% volume growth  ADAMA Ltd. reported its financial results for the first quarter ended March…

Syngenta Group reports strong growth in Q1 2021  

Sales of first quarter of 2021 were $7.1 billion, up 20 percent compared to Q1 2020.   Syngenta Group Co., Ltd.  has reported strong results for the first quarter of…

Agri- Infra fund applications cross the Rs. 8,000 Cr mark in the country

AIF has brought farmers & agribusinesses together with newer partnership models emerging for the creation of distributed infra near farm-gate in a hub & spoke model.  Agriculture Infrastructure Fund has…

Rallis India’s Q4 consolidated PAT soars to Rs 8.12 Cr

Rallis India’s consolidated PAT during 2020-21 grew by 24 per cent to Rs 228.58 crore as compared to Rs 183.69 crore in the previous fiscal.    Rallis India, a subsidiary…

Netafim-backed NAFA secures USD 50 Mn via Equity and ECB  

The raised funds will be utilized effectively for business expansion, enhanced offerings, and to expand horizons in the agri-rural domain.       Netafim Agricultural Financing Agency Pvt. Ltd. (NAFA),…

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