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HomePosts Tagged "BASF India"
Agribusiness, Agro chems – Chemicals, Agro chems – Pesticides, Company News, India, Inputs

 In line with Asia Pacific strategy, BASF is developing solutions specifically for local market needs.

 Piercing and sucking pests pose a significant threat to agricultural crops in India, causing extensive damage amounting to 35 to 40% loss in the productivity and yield of the produce. Farmers in India can now manage this challenge with Efficon®, a new BASF insecticide launched today. Efficon is powered by BASF’s new active ingredient, Axalion® in a specialised formulation.

With its unique mode of action, Efficon Insecticide is among the first compounds in the market introduced under the new IRAC group 36 which represents a totally new class of insecticides (Group 36 — pyridazine) which has no known cross-resistance with existing products in the market, making it a superior insecticide resistance management tool.

Efficon Insecticide was first launched in Australia in 2023. India is one of the earliest countries in the world to obtain this new novel chemistry that will help support farmers manage tough sucking pests.

In line with Asia Pacific strategy, BASF is developing solutions specifically for local market needs. “At BASF, everything we do we do for the love of farming. We are dedicated to listening and working alongside farmers to understand their needs, so that we apply our expertise to help them successfully face the enormous challenge of protecting crops from pests and boosting productivity, supporting the biggest job on earth,” said Simone Barg, Senior Vice President, BASF Agricultural Solutions, Asia Pacific.

A valuable aspect of Efficon Insecticide is its unique mode of action. It is highly effective on multiple life stages of target pests like Aphids, Jassids and White flies. Upon application, Efficon quickly stops insects from feeding and plant injury. It provides long lasting residual control due to its systemic properties.

Due to its systemic properties, Efficon provides long lasting residual control even to the new crop growth. “This innovation reaffirms BASF’s commitment to help farmers across boundaries in managing a variety of existing sucking pests. Efficon will help Indian farmers in effective and long duration protection against insect pests in wide variety of crops like cotton and vegetables. Efficon is also highly compatible with non-target organisms and beneficial insects, including pollinators, when applied according to label instructions,” said Giridhar Ranuva, Business Director Agricultural Solutions, BASF India.

“This milestone with Efficon supports our goal of developing an insecticide portfolio that helps farmers worldwide. BASF is committed to helping Indian industry and agriculture maximize their potential. Indian growers deserve access to advanced solutions to help them achieve better yields managing resistance with innovations in sucking pests,” said Dr Marko Grozdanovic, Senior Vice President, Global Strategic Marketing, BASF Agricultural Solutions. “We are convinced that by providing farmers with effective and sustainable solutions, we can support them to meet the growing demand for food while reducing the impact on the environment, “he added.

 In line with Asia Pacific strategy, BASF

Company News, India, Sustainability, Uncategorized

 Basf’s dispersions plants in Dahej and Mangalore are the first plants in India capable of producing REDcert2-certified biomass-balanced acrylic dispersions.

BASF India Limited announced that its two dispersions plants in Dahej and Mangalore, India, have each received REDcert2 certification. These plants are the first in India to achieve the REDcert2 standard, an independent third-party audit process, marking a significant milestone in BASF’s commitment to sustainability and environmental stewardship. This certification enables BASF to supply certified low-carbon-footprint dispersions through the biomass balance (BMB) approach that perform identically to fossil-based dispersions.

Andreas Fechtenkoetter, Senior Vice President, Dispersions Asia Pacific, BASF said, “Achieving REDcert2 certifications for our dispersion plants in India underscores our commitment to driving sustainability and innovation as an industry leader. We have successful customer cases for our REDcert2-certified products in the Asia Pacific region. Customers in countries such as China, Japan, and other ASEAN markets have embraced our biomass balanced solution to reduce their carbon footprint along the value chain. Paint manufacturers and consumer goods producers have adopted our biomass balanced product portfolios and are leveraging its benefits to achieve their sustainability objectives.”

With India’s continued prioritization of CO2 reduction, BASF is seeing a growing demand for sustainable products in the country. The Indian government has committed to achieve net zero emissions by 2070. “With our REDcert2-certified dispersions plants in operation, we are well-positioned to supply biomass-balanced dispersions to our customers in the country and support their sustainability plans,” said Milind Joshi, Business Director, Dispersions (South Asia), BASF. “By adopting our low-carbon-footprint solutions, customers are not only differentiating themselves from competitors but also contributing to the larger goal of combating climate change.”

The two certified dispersion plants in India bring the number of BASF dispersion plants in the Asia Pacific region that have received REDcert2 certification to five. This accomplishment has further strengthened BASF’s ability to meet the growing demand for low-carbon-footprint solutions across various industries.

In BASF’s biomass balance approach, renewable raw materials are used as feedstock in the very first steps of chemical production.  The proportion of renewable raw materials utilized is then allocated to specific sales products using a mass balance method certified by REDcert². The REDcert² certification system confirms that for the biomass balanced product, BASF has replaced relevant quantities of fossil-based resources with renewable feedstock.

 Basf’s dispersions plants in Dahej and Mangalore

Agro chems – Chemicals, Company News, Finance, India

For the quarter ended on March 31, 2023, the Company registered sales of Rs.32,768.9 million, as compared to Rs 33,895.6 million for the corresponding period of the previous year.

BASF India Limited registered sales of Rs 136,447.7 million for the financial year ended March 31, 2023, as compared to Rs. 130,997.3 million in the previous year, representing an increase of 4 per cent.

The Company reported Profit before tax (before exceptional items) of Rs. 5,280.9 million as compared to Profit before tax (before exceptional items) of Rs. 7,473.6 million in the previous year.

For the quarter ended on March 31, 2023, the Company registered sales of Rs.32,768.9 million, as compared to Rs. 33,895.6 million for the corresponding period of the previous year, a decrease of 3 per cent. Profit before tax (before exceptional items) stood at Rs. 969.2 million for the quarter that ended on March 31, 2023, compared to Profit before tax (before exceptional items) of Rs 1,785.1 million for the corresponding period of the previous year.

“Despite macroeconomic challenges, our Company has shown resilience with our agricultural solutions, nutrition and care as well as surface technologies segments seeing consistent growth. We continue to efficiently manage working capital while increasing operations” said Alexander Gerding, Managing Director, BASF India Limited. “We are pleased to see that the growth witnessed by the Company over the years has also empowered us to contribute substantially for corporate social responsibility focused projects”, he added.

The Board of Directors of the Company have recommended dividend of Rs. 8 /- per equity share i.e., 80 per cent for the financial year ended 31st March 2023. This is subject to the approval of the shareholders at the forthcoming Annual General Meeting.

For the quarter ended on March 31,

Agro chems – Chemicals, Company News, Finance, India

Company’s PAT stood at Rs 3,098.6 million in the second half of 2022, as compared to PAT of Rs. 3,346.2 million reported in the corresponding period of the previous year.

BASF India Limited has registered sales of Rs 35,819.9 million for the second quarter, which ended on September 30, 2022, as compared to Rs. 34,054.9 million in the corresponding quarter of the previous year, representing an increase of 5 per cent. The company reported Profit before tax (before exceptional items) of Rs 1,489.7 million as compared to profit before tax (before exceptional items) of Rs. 1,831.9 million in the prior-year quarter.

Half-yearly review

For the half year ended on September 30, 2022, BASF India Limited registered sales of Rs 74,697.8 million, as compared to Rs. 64,184.1 million for the corresponding period of the previous year, an increase of 16 per cent. Profit before tax (before exceptional items) stood at Rs 4,131.1 million for the half-year, compared to Profit Before Tax (before exceptional items) of Rs. 4,316.3 million for the corresponding period of the previous year. Profit after tax (after exceptional items) stood at Rs 3,098.6 million in the second half of 2022, as compared to Profit after tax (after exceptional items) of Rs 3,346.2 million reported in the corresponding period of the previous year.

“Effective margin management, working capital and fixed cost control measures enabled the company to record robust performance despite challenging market conditions. Strong performance of the Agricultural Solutions, Nutrition and Care as well as Industrial Solutions business segments led to a growth of 5per cent during the quarter and 16 per cent during the half year ended September 2022 as compared to the corresponding periods in the previous fiscal.,” said Narayan Krishnamohan, Managing Director, BASF India Limited. “Customer engagement and sustained growth projects enabled volume growth while margin pressures due to rising input and energy costs were mainly offset to a large extent by increased price realisations. “, he added.

Company’s PAT stood at Rs 3,098.6 million

Company News, Finance

For the quarter ended on March 31, 2022, the company has registered PBT at Rs 1,785.1 million

BASF India registered sales of Rs 130,997.3 million for the financial year ended March 31, 2022, as compared to Rs 95,583.4 million in the previous year, representing an increase of 37 per cent.

The company reported Profit before tax (before exceptional items) of Rs 7,473.6 million as compared to Profit before tax (before exceptional items) of Rs. 4,378.7 million in the previous year.

For the quarter ended on March 31, 2022, the company registered sales of Rs 33,895.6 million, as compared to Rs 28,055.8 million for the corresponding period of the previous year, an increase of 21 per cent. Profit before tax (before exceptional items) stood at Rs 1,785.1 million for the quarter that ended on March 31, 2022, compared to Profit before tax (before exceptional items) of Rs 1,706.1 million for the corresponding period of the previous year.

“BASF India Limited registered a robust March quarter with sales and profits before exceptional items exceeding the previous quarter and the corresponding previous year quarter,” said Narayan Krishnamohan, Managing Director, BASF India.

“Despite the challenges posed by the second wave of COVID-19, an erratic monsoon, supply chain disruptions and intense cost pressure from commodity pricing, the company delivered record sales and profit before exceptional items for FY22, driven by volume and margin growth, Stringent working capital and cash management enabled the Company to end the financial year with zero debt,” he added.

The Board of Directors of the company have recommended a dividend of Rs 6 per equity share i.e. 60 per cent for the financial year ended March 31, 2022. This is subject to the approval of the shareholders at the forthcoming Annual General Meeting.

For the quarter ended on March 31,

Agro chems – Pesticides, Company News

Vesnit Complete delivers effective and broad-spectrum control of post-emergent grasses & broadleaf weeds in Sugarcane

BASF India has launched new herbicide, “Vesnit Complete” for Sugarcane & Corn which empowers farmers with a whole new level of post-emergent weed control ensuring better yield for their crop.

BASF’s, Vesnit Complete herbicide will be of great help to Farmers. Sugarcane farmers in India now have a new option for grasses & broadleaf weed control with an innovative herbicide, Vesnit Complete by BASF. The new solution empowers farmers with a whole new level of post-emergent weed control ensuring better yield for their crop.

Vesnit Complete delivers effective and broad-spectrum control of post-emergent grasses & broadleaf weeds in Sugarcane. It has a convenient formulation for long-duration control & excellent crop safety.

“Keeping Sugarcane & Cornfields weed-free early in the season can have a major impact on crop yield. Using Vesnit® Complete as a post-emergent herbicide will help Indian farmers keep their fields weed-free during that critical period,” said Rajendra Velagala, Business Director, Agricultural Solutions, South Asia, BASF.

“Farming is the biggest job on earth. At BASF, we are dedicated to listening and working with farmers to understand their needs. In addition to our innovations, our Agricultural Solutions team offer professional and technical support to farmers to help them increase yields.” said Narayan Krishnamohan, Managing Director, BASF India Limited.

Vesnit Complete delivers effective and broad-spectrum control

Agro chems – Chemicals, Company News, Finance

Profit before tax (before exceptional items) stood at Rs 1,372.2 million as compared to profit before tax (before exceptional items) of Rs. 1,965.7 million in the prior-year quarter.

 BASF India Limited has registered sales of Rs 32,917.6 million for the third quarter, which ended on December 31, 2021, as compared to Rs. 25,065.4 million in the corresponding quarter of the previous year, representing a growth of 31 per cent.

The Company reported Profit before tax (before exceptional items) of Rs 1,372.2 million as compared to profit before tax (before exceptional items) of Rs. 1,965.7 million in the prior-year quarter.

“BASF registered a sales growth of 31 per cent over prior year quarter with a double digit growth in both volumes and prices. Supply chain disruptions in key customer industries such as the automotive sector impacted by chip shortages, caused challenges in demand. However gains in market position and new business secured through enhanced customer engagements enabled the company to overcompensate and grow volumes”, said Narayan Krishnamohan, Managing Director, BASF India Limited.

“Maintaining healthy margins and cost levels in an inflationary environment continues to be a priority for the company”, he added.

For the nine months ended on December 31, 2021, the Company registered sales of Rs. 97,101.7 million, as compared to Rs. 67,527.6 million for the corresponding period of the previous year, an increase of 44 per cent. Profit before tax (before exceptional items) stood at Rs 5,688.5 million for the nine months ended December 31, 2021, compared to profit before tax (before exceptional items) of Rs. 2,672.6 million for the corresponding period of the previous year.

Profit before tax (before exceptional items) stood