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HomePosts Tagged "BAL"
Agbiologicals, Company News, Fungicides, India

Warden Extra, a highly potent fungicide and insecticide, is the patented product of the company

Best Agrolife Ltd (BAL), a leading agrochemical manufacturer in India, has received the registration for the indigenous manufacturing of a groundbreaking agrochemical from the Central Insecticides Board & Registration Committee (CIBRC). This innovative agrochemical, comprising Trifloxystrobin, Thiamethoxam, and Thiophanate Methyl, holds significant promise in transforming Indian agriculture by mitigating harmful diseases and pests, thereby boosting crop production.

The registration has been granted under section 9(3) FIM to Seedlings India Pvt. Ltd., a wholly-owned subsidiary of BAL. Scheduled for a nationwide launch in April 2024 under the brand name Warden Extra, this agrochemical is a potent fungicide and insecticide specifically designed to safeguard crops from Damping off disease, as well as combat Leafhopper, Aphid, and Whitefly insects. Its broad-spectrum effectiveness extends to addressing various fungal diseases, such as powdery mildew, rust, and leaf spot, along with targeting a variety of insects including aphids, thrips, and whiteflies.

Significantly, Warden Extra stands as BAL’s patented product, following the success of the company’s earlier innovations, Ronfen and Tricolor, which have already made a significant impact on Indian agriculture due to their remarkable effectiveness. With the introduction of Warden Extra, BAL is expanding its product line, generating anticipation for the potential contributions this new agrochemical solution could make to the agricultural sector.

Notably, BAL had also recently secured a 20-year patent for its groundbreaking creation, the “SYNERGISTIC GRANULAR HERBICIDAL COMPOSITION FOR PADDY.” This innovative herbicide, set to debut in the upcoming Kharif season, will be introduced under the brand name ‘Orisulam’. Furthermore, BAL boasts a robust pipeline for more future patent molecules, indicating a promising trajectory for the company’s continued advancements in agricultural solutions.

Warden Extra, a highly potent fungicide and

Agro chems – Chemicals, Company News, India

The Pyroxasulfone market is worth over 450 crore in India, and BAL plans to achieve 300-350 crore of the Proxysulfone market in the next three years

Best Agrolife Ltd. (BAL), announced that it has inked an agreement with Syngenta for the marketing of Pyroxosulfone 85 per cent WG herbicide under the brand name Movondo. 

Pyroxasulfone is a pre-emergence herbicide for wheat, corn, and soybean that ensures increased yields while offering outstanding crop safety by eliminating weeds that pose a threat to these crops. It is more effective against broadleaf weeds and requires fewer applications than other commercial herbicides. Pyroxasulfone 85 per cent WG controls the primary troublesome weed in wheat, Phalaris minor.

Syngenta is a global leader in crop protection and seeds, with a significant global share of the herbicide and commercial seed markets. This agreement will help both companies maximise the value of the new herbicide and efficiently establish a market for the product. The Pyroxasulfone market is worth over 450 crore, and BAL plans to achieve 300-350 crore of the Proxysulfone market in the next three years.

Previously, India imported Pyroxasulfone from foreign nations, but after gaining registration for the local manufacturing of Pyroxasulfone 85 per cent WG. BAL has become the first Indian agrochemical business to manufacture Pyroxasulfone 85 per cent WG locally. Seedlings India Pvt. Ltd., one of the wholly owned subsidiaries of BAL, will produce it under the Indian government’s ‘Make in India’ initiative.  What truly distinguishes this deal as a groundbreaking development, showcasing the substantial influence of the ‘Make In India’ initiative on the global stage, is the unprecedented reversal of the conventional supply chain dynamics. Prior to this, multinational corporations had typically supplied key chemical compounds to Indian agrochemical companies. However, this deal marks a pivotal shift, as it signifies the first instance of Indian agrochemical companies taking the lead by exporting these molecules to their multinational counterparts.

The Pyroxasulfone market is worth over 450

Agro chems – Chemicals, Company News, India

Its unique composition provides prophylactic, curative, and eradicative actions, effectively targeting a wide spectrum of crop diseases such as Sheath blight, Powdery Mildew, Scab, and Alternaria

Best Agrolife Limited (BAL), a leading player in the agrochemical industry, unveiled BAL’s latest breakthrough, the fungicide ‘Tricolor’, and facilitated an engaging platform for more than 600 dealers in Kurnool and 1250 dealers in Guntur. The occasion highlighted BAL’s commitment to sustainable agriculture and pioneering agrochemical solutions.

‘Tricolor’, the latest innovation from BAL, was introduced among dealers, with all the benefits and uses. Comprising a potent blend of Trifloxystrobin 10 per cent + Difenoconazole 12.5 per cent + Sulphur 3 per cent SC, this cutting-edge fungicide offers comprehensive disease control measures. Its unique composition provides prophylactic, curative, and eradicative actions, effectively targeting a wide spectrum of crop diseases such as Sheath blight, Powdery Mildew, Scab, and Alternaria. The synergistic integration of the three active ingredients ensures enhanced efficacy, contributing to healthier crops of Rice, Tomato, Grapes, Chilli, Wheat, Mango, and Apple. 

Vimal Kumar, Managing Director, Best Agrolife, speaking at the launch, expressed his enthusiasm for Tricolor and its potential impact on farmers and the agricultural community. He stated, “Tricolor will play a pivotal role in elevating agricultural productivity and fostering the well-being of the farming community, not only in Andhra Pradesh but across India. Tricolor is an exceptionally potent fungicide with its comprehensive approach and a blend of Trifloxystrobin, Difenoconazole, and Sulphur. It addresses the multifaceted challenges faced in cultivating key crops within the region, promising higher yields and healthier produce.”

SBVR Prasad, Executive Director, Best Agrolife, highlighted the company’s vision, stating, “We are committed to providing farmer-needed products and conducting crop pest surveys to deliver the most favourable and beneficial products. What sets us apart is our competitive pricing with multinational companies as we aim to reach every farmer across the country. We look forward to prioritising the needs of our farmers and ensuring their success.”

Its unique composition provides prophylactic, curative, and

Company News, India, People

Bala has been associated at the apex level with several reputed organisations such as Adama India Pvt. Ltd

Best Agrolife Ltd. (BAL) announced the appointment of Suradevara Bala Venkata Rama Prasad as its new Executive Director. The appointment came into effect on July 31, BAL said in a statement.

A business leader with an excellent track record across leading companies Bala has been associated at the apex level with several reputed organisations such as Adama India Pvt. Ltd. An Agri graduate from Kanpur University Bala comes with more than 40 years of substantial experience in the chemical industry. As a Founder member and Director of the Board of Adama India Pvt. Ltd. from 2009 to till date, he has delivered significant portfolio and organisational change as part of transforming it into a more focused, growth-driven and sustainable business.

Prior to joining Adama India Pvt. Ltd. in 2009, Bala worked for Nagarjuna Group (Fertilisers & Pesticides) for more than two decades (1986-2009). With his analytical and strategic mindset and his ability to turn challenges into great success, Bala took Nagarjuna Agrichem & Adama to new heights and turned them into high-revenue-earning companies.

“We are delighted to welcome Bala as our new Executive Director,” said Vimal Kumar, MD, BAL. “He is a dynamic, values-driven business leader with a diverse background of experience and an excellent track record of delivering outstanding results. He has exceptional strategic capabilities, proven operational effectiveness, and strong experience in both domestic and global markets. The Board looks forward to Bala realising the full potential of BAL as a winning business that delivers long-term growth and value for all its stakeholders.”

Bala, newly appointed ED of BAL said, “I am delighted to have been appointed to lead BAL. It is a great organization with a rapidly growing global footprint, a strong brand portfolio, a talented team, and an impressive reputation in the industry. I will be very focused on working with the BAL team to deliver a step-up in business performance.”

Bala has been associated at the apex

Agro chems – Chemicals, Company News, India

The company is also gearing up to launch its ambitious product Tricolor in July

Best Agrolife Ltd. recently received three more major registrations. BAL informed that the Central Insecticides Board & Registration Committee (CIBRC) had granted the registrations for Technical Indigenous manufacturing of Diclosulam technical 94 per cent minimum, Boscalid technical 96 per cent minimum and Dimethomorph technical 95.5 per cent minimum to one of its wholly owned subsidiary Best Crop Science Pvt. Ltd.

Diclosulam is a broadleaf herbicide that is used to control weeds in soybean and peanut crops, while Boscalid is a foliar fungicide against a broad range of fungal pathogens in a wide range of crops, including vegetables and other crops. It inhibits spore germination and germ tube elongation and is also effective in all other stages of fungal development. Dimethomorph is a systemic fungicide that protects potato, tomato and grape crops from fungi in the water mould family, such as root rot, crown rot, late blight and downy mildew.

“These registrations are crucial for our company and will enable us to serve the farming community better. Along with producing the technicals, we also have plans to develop their highly sought-after formulation products, which will expand our product line further and help us maintain the goal of 30 per cent growth and 20 per cent EBITDA margin,” said Vimal Kumar, MD of BAL.

“For example, Metiram 44 per cent + Dimethomorph 9 per cent WG and Dimethomorph 12 per cent + Pyraclostrobin 6.7 per cent WG are the major formulations of Dimethomorph whereas Boscalid 25.25 + Pyraclostrobin 12.8 per cent WG is the prime Boscalid formulation. Since approvals for Metiram and Pyraclostrobin technicals are already in place with the company, we can now develop these products in-house in both technical and formulations segments,” Vimal Kumar added.

It is significant to mention that BAL recently became the first Indian agrochemical company to manufacture both AI and formulations of Pyroxasulfone after getting the CIB registration for the domestic manufacturing of Pyroxasulfone 85 per cent WG. The company is also set to launch their much-awaited fungicide Tricolor, a combination product of Trifloxystrobin 10 per cent + Difenoconazole 12.5 per cent + Sulphur 3 per cent Sc. It effectively controls several crop diseases like Sheath blight, Powdery Mildew, Scab, and Alternaria in Rice, Tomato, Grapes, Chilli, Wheat, Mango, and Apple.

The company is also gearing up to

Agro chems – Chemicals, Agro chems – Pesticides, Company News, India

Central Insecticides Board & Registration Committee grants approval to BAL in the 443 rd meeting.

Best Agrolife Limited, a leading player in the Indian agrochemical industry, has been granted registration for the indigenous manufacturing of Propaquizafop u/s 9(3) by Central Insecticides Board & Registration Committee in the 443 rd meeting. With this Best Agrolife Limited (BAL) will become the first Indian agrochemical company to manufacture Propaquizafop Technical in India.

Propaquizafop is a herbicide used for the post-emergence control of a wide range of annual and perennial grasses in various broadleaf crops such as soybean, cotton, pulses, sunflower, other field crops, vegetables, fruit trees, vineyards, sugarbeet, oilseed rape, and forestry. As a selective and systemic herbicide, it controls weeds in all the stages of their development. Environment-friendly and safe to beneficial insects and mammals Propaquizafop is quickly absorbed by the leaves and translocated from the foliage to the growing points of the leaves and roots of the sprayed weeds.

“BAL has kept the ball of innovation and progress rolling this year and it is all because of our unwavering focus on research & development. Other than introducing five new products namely Axeman, Ronfen (patented ternary insecticide), Reveal Tombo and Warden BAL also became the first Indian agrochemical company to manufacture CTPR (market size of more than Rs 2800 crore) technical indigenously by launching Citigen and Vistara. We also received the patent for the first-of-its-kind fungicidal composition of Cyazofamid, Dimethomorph, and Difenoconazole (Market Size Rs 350 crore) and registration for the indigenous manufacturing of Pyroxasulfone technical (Market Size Rs 450 Crore),” said Vimal Alawadhi, MD BAL.

“Propaquizafop herbicide is of utmost importance for the Indian agricultural community as it effectively controls weeds in a number of broad-leaf crops. With Rs 350 Cr. of the market size in India, Propaquizafop Technical is a crucial addition to the above list of registrations with a huge market size that BAL received this year, and we will focus on utilising this opportunity to the maximum. Other than removing our import dependency for Propaquizafop Technical we will also focus on developing new Propaquizafop combination products through research and development and getting them patented. Since Propaquizafop is also popular in the global herbicide market we will surely look forward to its export aspect in the future,” he added further while commenting on this new development.

Central Insecticides Board & Registration Committee grants

Agro chems – Chemicals, Company News, India

Change to take effect from 21 December 2022

BAL has moved to Group A from Group B of companies on BSE. The change will take effect from 21 December 2022. The company was already making bullish growth and now with this new development, it has garnered a lot of curiosity and interest from investors. 

As a research-based organisation, BAL is serving the farming community by bringing in world-class and cost-effective farm solutions in the form of novel agrochemical formulations. The company has presence across insecticides, fungicides, herbicides, and plant growth regulators. It is known for indigenously developing and marketing world-class and cost-effective farm solutions in the form of novel agrochemical formulations. Currently, BAL has 7,000 MTPA and 30,000 MTPA technicals and formulation manufacturing capacity respectively through three of its manufacturing plants in Gajaraula, Greater Noida, and Jammu & Kashmir. The company has fast expanded its distribution network and product portfolio in niche segments and got listed itself among the top 15 agrochemical companies in India. Currently, it boasts to have more than 5200 distributors in India and it retains an unrivaled portfolio of 360+ formulations and more than 80 technical manufacturing licenses. 

Focused on its First-to-Market strategy, BAL has transformed its business model from being a generic player to a predominantly branded player now. The company is focused on manufacturing and launching import substitutes of many active ingredients indigenously and introducing 2-3 patented/specialty formulation products every year. This year, BAL launched several new products that strengthened its financials significantly. The company introduced three new research-based products in the insecticide space namely Axeman, Ronfen (patented ternary insecticide), and reveal, one new herbicide with the brand name Tombo and one new insecticide combination Warden. With the launch of Citigen and Vistara, BAL became the first Indian agrochemical company to manufacture CTPR (market size of more than Rs 2800 crore) technical indigenously. The company also got the patent for the indigenous manufacturing of an in-house developed ternary herbicide which the company plans to launch in near future with the brand name ‘Shot Down’. Other than the above products BAL has been granted the patent for the first-of-its-kind fungicidal composition of Cyazofamid, Dimethomorph, and Difenoconazole (Market Size Rs 350 crore) and registration for the indigenous manufacturing of Pyroxasulfone technical (Market Size Rs 450 Crore).

The tremendous success of these newly launched products led to solid performance in Q2 FY23 and H1 FY23. The company posted a multi-fold jump in its consolidated revenue at Rs 700.3 crore jumping 115.9 percent on YoY basis and 51 percent QoQ basis. The EBITDA stood at Rs 182.5 crore, displaying 418.1 percent YoY growth and 176.9 percent QoQ growth. PAT stood at 129.82 crores a growth of 415.4 percent on YoY basis and 223.4 percent on QoQ basis. The company reported a 74 percent YoY rise in revenue to Rs 1164 crore, EBITDA margin expanded by 1078 bps YOY to 21.4 percent (vs 10.6 percent in H1FY22) and PAT rose by 233 percent YoY to Rs 169.9 crore in H1 FY23. The company has many more such products in the pipeline this year, further accelerating its growth. 

While CARE Ratings Limited assigned a ‘CARE A-’ rating to the long-term bank facilities of the company with a stable outlook in October 2022 the total stake of the promoter and promoter group BAL increased from 47.30 percent to 48.19 percent when Vimal Kumar, the Founder of Best Agrolife Limited, purchased a total of 65000 equity shares on 28 November 2022. In fact, Vimal Kumar bought 1,47,481 equity shares in the company on 15 November 2022, making it a purchase of a total of 212481 equity shares during November itself.
 

Change to take effect from 21 December

Agro chems – Pesticides, Company News, India, Thailand

Launches two Indigenously Manufactured CTPR-Based products

India’s leading agrochemical company, Best Agrolife Limited (BAL) organised a Mega Distributors’ Meet and launched two new revolutionary CTPR-based formulations – Citigen and Vistara in Pattaya, Bangkok. BAL is the first Indian agrochemical company to manufacture CTPR technical indigenously while contributing to the GOI’s Make in India mission and showcasing the country’s capabilities to the international agricultural scenario. The meet was exclusively held for the distributors from Maharashtra and more than 170 distributors attended this event.

Vimal Alawadhi, Managing Director of Best Agrolife Ltd., said, “We are raising the bar of innovation with every new product launch. Best Agro has invested heavily in enhancing its research and development capabilities. As is the case with each of our products, the newly launched Citigen and Vistara provide highly effective and affordable solutions to pest control in agriculture. While on the one hand, these will be a boon for the farmers and enhance their productivity, they will also provide our distributors and dealers with a marketing edge.”

Citigen (Chlorantraniliprole 18.5 per cent W/W SC) is a broad-spectrum insecticide with exceptional insecticide efficacy, longer rain fastness, and low mammalian toxicity. Other than sugarcane and rice, Citigen is highly recommended for controlling pests of cabbage, cotton, tomato, chili, soybean, brinjal, pigeon pea, Bengal gram, black gram, bitter gourd, okra, maize, and groundnut crop. It acts on Ball worms, stem borers, fruit borers, gram pod borers, stem flies, tobacco caterpillars, and pod borers.

Vistara (Chlorantraniliprole 0.4 per cent GR) prevents the build-up of shoot borer and stem borer populations in paddy and sugarcane and protects growers from incurring losses due to low crop yield and thereby maximising output. Due to its high insecticidal potency and novel mode of action, it effectively controls pests that are resistant to other insecticides. Due to its low dosage, it is safe for the environment as well.

There is extensive usage of CTPR (Chlorantraniliprole) based products, and its market size is more than Rs 2000 crore at present, which is a total of 8 per cent of the pesticide market.

Launches two Indigenously Manufactured CTPR-Based productsIndia’s

Agro chems – Chemicals, Company News

Best Agrolife Limited along with more than 250 distributors attended this event in which the specifications and in-depth knowledge of each product were shared with them

Best Agrolife Limited, the fastest growing agrochemical company in India, held a glittering mega launch event for its much-awaited agro-products – Ronfen, AxeMan, Warden, Tombo, and Reveal in Pattaya, Bangkok. The launch event was organised in the famous Zign Hotel on 06 June 2022. The Managing Director, Executive Director, and the entire marketing team of Best Agrolife Limited along with more than 250 distributors attended this event in which the specifications and in-depth knowledge of each product were shared with them.

Speaking at the event, Vimal Alawadhi, Managing Director, Best Agrolife Limited said, “Our company has one of the strongest pipelines of sustainable and eco-friendly products that offer complete solutions to the farmers for their present and future needs. We are working tirelessly to develop cost-effective and single-shot agro-inputs in order to benefit farmers across multiple crops. Aligned to the larger Make in India initiative, our company aims to launch more than 5 new products every year to provide relevant solutions for all the crop-related issues. Infact, our entire R&D investment is dedicated to developing innovations that are sustainability – advantaged and these newly launched products are a testimony to that.”

A first-of-its-kind proprietary ternary insecticidal combination of Best Agrolife, Ronfen is a single-shot solution that controls all sucking pests together in various crops like cotton, chilly, vegetables, and many other segments. Ronfen covers the composition of Pyriproxyfen 8 per cent, Diafenthiuron 18 per cent, and Dinotefuran 5 per cent in a unique suspension concentrate formulation. On the other hand, AxeMan (Dinotefuran 15 per cent + Pymetrozine 45 per cent WG) with its dual mode of action, helps in protecting the rice crop from the devastating pest BPH which develops high resistance against all agrochemicals.

Best Agrolife Limited along with more than

Agro chems – Chemicals

BAL had received the patent for Ronfen, which covers the composition of Pyriproxyfen 8 per cent, Diafenthiuron 18 per cent, and Dinotefuran 5 per cent in a unique suspension concentrate formulation

Best Agrolife Limited (BAL), one of the fastest-growing agrochemical company in India, has recently made two major announcements. The Central Insecticides Board & Registration Committee granted the registration for the indigenous manufacturing of the company’s much-awaited patented ternary insecticide to BAL u/s 9 (3) in the 437th RC meeting.

The company will launch it by the brand name Ronfen. BAL had received the patent for Ronfen, which covers the composition of Pyriproxyfen 8 per cent, Diafenthiuron 18 per cent, and Dinotefuran 5 per cent in a unique suspension concentrate formulation, in August last year. With this BAL has become the first Indian agrochemical company to manufacture this first-of-its-kind, three-way insecticidal combination that effectively controls the entire sucking pest complex in various stages in one shot.

Other than Ronfen, the leading agro-inputs company has also been granted the registration for the indigenous manufacturing of Dinotefuran 15 per cent + Pymetrozine 45 per cent WG along with technical manufacturing of Pyrithiobac Sodium u/s 9(4) TIM category in the same RC meeting. The company has decided to launch it with the brand name AxeMan.

“Sucking pests pierce plant parts, suck the plant sap which in turn results in minute white, brown, or red spotting on the leaves, fruits, or stems of the plant. It may also cause curling leaves, deformed fruit, general wilting, browning, and drying of the entire plant. Until now, safeguarding their crops from the sucking pests was a very costly business for the farmers in India and across the globe as they had to spend their hard-earned money on various pesticides. Motivated by a strong sense of urgency and eyeing the opportunity, our R&D team worked on developing a revolutionary one-shot solution for all the sucking pests and innovated Ronfen.” said Vimal Alawadhi, MD Best Agrolife Limited.

“Ronfen was under extensive scale field trials for the last two years. Due to its incredible power on the entire sucking pest complex Ronfen was much awaited by the farmers in India and abroad,” he added further.

On the other hand, AxeMan, with its dual mode of action, helps in protecting the rice crop from the devastating pest BPH which develops high resistance against all agrochemicals.  AxeMan provides healthy and vibrant tillers at the reproductive stage and helps in the long-duration control and resistance management of BPH in paddy.

BAL had received the patent for Ronfen,

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

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