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HomePosts Tagged "agrochemical" (Page 2)
Agro chems – Chemicals

The awards were a facilitation to honour the outstanding achievements in the Indian agrochemical industry

Best Agrolife Limited, one of India’s leading agrochemical players, has recently bagged the award for Fastest Growing company. BAL has received this recognition at PMFAI-SML Annual Agchem Awards 2022. Pesticides Manufacturers & Formulators Association of India (PMFAI) organised India’s largest Agri Inputs Trade Summit in Dubai.

These awards were a facilitation to honour the outstanding achievements in the Indian agrochemical industry and remarkable contributions, which help in the sustainable growth of agriculture. The 3rd PMFAI SML awards held on a global scale witnessed participation from distributors, suppliers, R&D Executives, Technical Executives, Manufacturers, Consultants, Exporters, Importers, Agronomists, Research Institutions, Scientists, Traders, Journalists, Supply chain management & co-operatives.

Ventures capitalists & Financial Representatives, Service providers, Farmers & dealers, Allied Chemicals & Packaging material suppliers, Seed companies, spraying and irrigation equipment manufacturers, plantation and horticultural producers, Manufacturers & Distributors of Bio-pesticides, Bio-fertilisers, Micronutrients, Key Government officials, Policy Makers & Researchers, Industry Associations, Chamber of Commerce, etc. all these stakeholders were also present who are involved directly & indirectly with Agri inputs.

Upon receiving this recognition, Vimal Alawadhi, MD, Best Agrolife said, “It is a feeling of pride to see our team’s efforts being recognised on a global level. PMFAI SML award has always been a prestigious honor to be associated with. We would like to extend our thanks to the jury members and the contemporary industry players present in the event to make our victory a memorable one.”

The awards were a facilitation to honour

Agro chems – Chemicals, R&D

Spiromesifen acts as a very effective insecticide and miticide that controls red spider mite in brinjal, whitefly and mite in cotton

Best Agrolife Limited (BAL) has been granted registration for indigenous manufacturing of Spiromesifen Technical u/s 9 (3) by Central Insecticides Board & Registration Committee in the 436th RC meeting on February 9, 2022. With this BAL becomes the first Indian agrochemical company to manufacture Spiromesifen Technical in India.

Spiromesifen acts as a very effective insecticide and miticide that controls red spider mite in brinjal, whitefly and mite in cotton, European red mite and red spider mite in apple, chili & Okra, yellow mite in chili etc.

While the market for Spiromesifen in North America, Latin America, Europe, Brazil, Spain, and Germany is growing at a moderate rate, there is a huge demand for this in the Asia Pacific and it is growing significantly. As of now, it’s available in one solo formulation – Spiromesifen 22.9 per cent SC in India where the market size is around 400 KL.

Vimal Alawadhi, Managing Director – Best Agrolife Limited said, “Spiromesifen will give leverage to BAL to introduce its patented & innovative formulations as our R&D Team was already working on it to bring its improved formulations in the form of novel combinations where not only efficacy of the product will be more but also its scope and market size will further increase by strategic alliances with leading companies in the domestic and international market. Our novel products will emerge as a very effective solution in the management & control of Mites in various crops like Tea, Vegetables & Fruit crops, etc. ultimately improving the quality & yield of the produce. Rising population and compelling food security, is driving up demand for such advanced molecules like Spiromesifen in the country.”

Spiromesifen acts as a very effective insecticide

Agro chems – Chemicals

The manufacturing capacity of the facility is 18,000 MTPA

Best Agrolife Limited (BAL), one of the leading agrochemicals in India, announced the commencement of production at its fully automated formulation facility Seedling India Private Limited. After the successful commissioning of the formulation facility, the production of high-end formulations has started well in time there. The manufacturing capacity of the facility is 18,000 MTPA.

Seedling India Private Limited, a wholly-owned subsidiary of Best Agrolife Limited is a technology-savvy integrated research and development centre located in Greater Noida, Uttar Pradesh. It will be a one-stop site offering products based on WG, SG, ZC, and EC.

BAL set up this integrated research and development centre to strengthen the farming community. The company will work on in-house developed combinations for effective pest management and crop protection. Equipped with one fully automated WDG plant, one large capacity SC unit, and one modern GR formulation unit, this facility will act as a base for BAL for bringing in more innovative formulations in the form of one-shot solutions for the farming community.  

Set up with an investment of Rs 50 crore, Seedling India is the innovation powerhouse to redefine conventional agriculture models and accelerate the translation of innovative ideas and concepts into sustainable, tangible prototypes and products.

To ensure the security and safety of the products and to accommodate raw materials, packing materials, and finished products separately, this facility also houses 4 fully-equipped warehouses with the best infrastructure.

The manufacturing capacity of the facility is

Agro chems – Pesticides, AgroPolicy, Finance

Government’s focus on implementing drone-based agrochemical spraying to boost the sector

CropLife India has commended the Indian government’s provisions for agricultural drones in the national budget. It notes that the government’s focus on implementing drone-based agrochemical spraying through funding arrangements for start-ups and rural enterprises will
boost the sector. The funding will include blended capital raised under a co-investment model through the country’s National Bank for Agriculture and Rural Development (NABARD). NABARD is an apex regulatory body for the overall regulation of regional rural banks and apex cooperative banks in India.

Asitava Sen, CEO, CropLife India’s, hails the inclusion of kisan drones (farming drones) in the national budget, for which the association put forth a range of suggestions to the government in November.

Government’s focus on implementing drone-based agrochemical spraying

Agro chems – Fertilizers

Organic fertilisers have helped greatly to consumers so that they can avail access to clean-label food items

As per the exclusive report by Vantage Market Research, the global Organic Fertilisers Market size is expected to reach over $22.13 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 12.1 per cent during the forecast period.

Organic fertilisers have helped greatly to consumers so that they can avail access to clean-label food items, to the extent that they are ready to pay a higher price for such products. Key manufacturers are therefore investing in bolstering their R&D capabilities and disperse eco-friendly fertilisers heavily, states Vantage Market Research, in a report, titled “Organic Fertilisers Market by source (Plant, Animal, Mineral), by crop type (Cereals & grains, Oilseed & pulses, Fruits & vegetables, Others), by form (Dry, Liquid), by Region (North America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Assessment (2016 – 2021) and Forecast (2022 – 2028)”.

The agriculture sector depends largely upon fertilizers for improvement in soil productivity. Majorly chemical or synthetic fertilisers are used for enhancing crop yield. Moreover, there is trend towards use of these fertilisers, due to increase in awareness of adverse effects because of chemical fertilisers to both environment and human beings.

Organic fertilisers have helped greatly to consumers

Finance

The company recorded consolidated revenue of Rs 901.4 crore for the period ended on December 31, 2021, a growth of 29 per cent over PY of Rs 697.3 crore.

Delhi-based agro-inputs major, Best Agrolife Limited has announced its financial results for Q3FY22 on January 25, 2022 in their Board of Directors meeting.

Commenting on the results, Managing Director of BAL, Vimal Alawadhi said, “The current quarter’s performance would be sustainable in quarter 4 too, as the production will soon commence in its newly set up state-of-the-art formulation unit Seedlings India Limited where BAL’s new proprietary formulation ‘RONFEN’ will also be produced. Above all, the strategic alliances with premier customers including leading MNC’s are also being formed under which new businesses will commence with newly launched high value speciality products.”
 
The company recorded consolidated revenue of Rs 901.4 crore for the period ended on December 31, 2021, a growth of 29 per cent over PY of Rs 697.3 crore. Profit before tax was at Rs 91.3 crore, with a growth of 466 per cent over PY of Rs 16.1 crore and the profit after tax was Rs 66.6 crore, registering a growth of 464 per cent over PY of Rs 11.8 crore. EBITDA was at Rs 103.7 crore (11.5 per cent) with a growth of 628 per cent over PY of Rs 14.2 crore (2 per cent).

Moving ahead with their expansion plan BAL has now acquired Agrico Chemicals through a cash deal of Rs 10.22 crore. Agrico Chemicals is situated at Phase-1, SIDCO Industry Complex, IGC Samba, Jammu & Kashmir.

This acquisition is crucial for BAL in many ways. Other than increasing the company’s revenue by Rs 150 crore approximately this unit will also add formulation capacity of 8000 KL/MT per annum. The plant at Agrico Chemicals will be specifically dedicated to proprietary formulations like WG, SC, and EC.

The company recorded consolidated revenue of Rs

Agro chems – Chemicals, Company News

Acquisition to fast-track MOL’s foray into Titanium Dioxide

Meghmani Organics Limited (MOL) recently announced that it has completed an acquisition of Kilburn Chemicals Limited (KCL). MOL paid Rs 132 Crores (including Rs 12.15 Crores towards equity subscription) as per the National Company Law Tribunal (NCLT) approved resolution plan dated December 16, 2021. Thus, the company has diversified its Pigment Division’s product offering with Kilburn Chemicals acquisition, fast-tracking its foray into Titanium Dioxide (TiO2). The aforesaid acquisition has been funded from MOL’s internal accruals. As a result, MOL’s Titanium Dioxide (TiO2) project will be EPS accretive.

The plant is located at Dahej, Gujarat and its existing Titanium Dioxide (TiO2) manufacturing capacity is pegged at 16,500 metric tons per annum (MTPA). MOL expects to commence the commercial production of Titanium Dioxide (TiO2) from Q2 FY23, thereby adding Rs 300-350 Crores to the revenues on a full financial year basis.

The company anticipates doubling up its Titanium Dioxide (TiO2) capacity to 33,000 MTPA by Q1 FY24 by incurring an additional capex of Rs 270 Crores funded by an appropriate mix of internal accruals and debt. At normal capacity utilisation, the aforesaid plant is expected to contribute Rs 650-700 Crores to MOL’s topline on a full financial year basis. Capacity utilisation will be ramped up gradually. MOL’s Titanium Dioxide (TiO2) plant is expected to garner an EBITDA margin of ~23-25 per cent, along with robust return ratios i.e., ROCE and ROE ranging ~19-20 per cent each.

Titanium Dioxide (TiO2), an import substitution product, accelerates MOL’s growth plans mirroring the Government’s ‘Make in India’ & ‘Atmanirbhar Bharat’ vision.

The company remains committed to execute its overall capex guidance of Rs 620 Crores by Q2 FY23 and achieve Rs 3,000 Crores topline by FY24.

Acquisition to fast-track MOL's foray into Titanium