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Finance

Suzlon posts revenue of Rs 725 crore for Q2 FY21

EBITDA of Rs 112 crore India’s largest renewable energy solutions provider, Suzlon Group has announced its second quarter results for the financial year 2020-21 (Q2 FY21). The company’s Q2 FY21…

Godrej Agrovet Ltd reports excellent half-yearly performance

Consolidated profit before tax up by 43.7 per cent year-on-year Godrej Agrovet Limited has, on November 4, 2020, reported its financial performance for the second quarter and half year ended…

FACT records profit of Rs 83.07 Cr in half yearly quarter 2020

The Company reported a turnover of Rs.1047 Crore for the quarter, as compared to Rs.931 Cr during the same period last year.   The Fertilisers and Chemicals Travancore Limited (FACT),…

Govt to soon launch self-certification scheme for chemicals industry

The launch self-certification scheme will not only benefit the industry but also make India globally competitive in ease of doing business Mansukh Mandaviya, Minister of State (IC) for Shipping &…

IFFCO Bazar partners with SBI YONO Krishi App  

Collaboration will boost accessibility of quality agri-products in India       www.iffcobazar.in, the e-commerce arm of IFFCO has announced its integration with the SBI YONO Krishi, which is the…

GSFC posts a rise of 205% in profit Q2 2020  

The fertilizer sales volume grew by 10 % in H1FY21 as compared to H1FY20, whereas the Profit Before Tax grew from Rs63cr to Rs216cr.      The Gujarat State Fertilisers…

CNH Industrial reports strong growth in Q3 2020

Net sales of Industrial Activities up 4%, primarily driven by an 11% increase in Agriculture.  CNH Industrial reports strong results, with all divisions performing ahead of earlier expectations. Consolidated revenues…

Rockstart, Navus ventures invests €500K in agritech start-up MoooFarm

The agritech startup is currently going through the Rockstart AgriFood acceleration program Rockstart, a global accelerator-VC has announced that one of its portfolio companies, MoooFarm Agritech startup based in Delhi,…

NABARD supports Kerala state to set up milk powder factory

The Rs 53.93 crore facility would be set up in northern Malappuram district, using NABARD’’s infrastructure investment fund.      Kerala state is all set to get a state-of-the-art milk powder…

Escorts Agri Machinery posts 2.3 % rise in sales in October’20  

The company’s tractor sales surged 15.3% in October 2020 from 11,851 units sold in September 2020.       Escorts’ Agri Machinery Segment (EAM) announced that the company has sold…

Origin Agritech receives grant from MOA for its BMO corn traits

The MOA’s grant program was established to award achievement in agricultural technology innovation Origin Agritech Ltd. (Origin), headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, a leading Chinese agricultural technology…

Coromandel International posts 17% rise in profit in Q2 FY21

Consolidated net profit after tax for the quarter is Rs 589 crores in comparison to Rs 504 crores for the corresponding quarter last year   Coromandel International Limited, India’s leading…

Bayer Cropscience reports 11.6 % decline in sales in Q3 2020

Business was down in North America in particular, while sales increased in the Asia/Pacific region.      In the agricultural business (Crop Science), sales declined by 11.6 percent (Fx &…

Benson Hill raises $150 Million in Series D funding round  

With this new round of funding, company will continue to advance Cloud Biology® and its innovation engine CropOS™       Benson Hill has announced the close of a $150 million Series…

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