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HomePosts Tagged "Best Agrolife Ltd. (BAL)"
Agro chems – Chemicals, Finance, India, Investments, Trade

This strategic move is expected to significantly contribute to BAL’s expansion of formulation manufacturing capacity, resulting in an approximate addition of Rs 350 crores to its overall returns.

Best Agrolife Ltd. (BAL), a prominent player and one of the largest agro-input manufacturers in India, has executed a strategic investment in Kashmir Chemicals and acquired 99 per cent stake in the company. This move is aimed at expanding its manufacturing capacity in response to the growing market demand for branded agrochemical products and formulations. On October 20, 2023, a Reconstitution Deed of Partnership was formalized, retroactively effective from September 16, 2023, and duly registered with the Competent Authority in Samba.

Kashmir Chemicals is situated in Phase-1 of the Industrial Growth Centre in Samba and registered with the District Industries Centre. The facility is equipped with state-of-the-art machinery spread across 16 kanals of leasehold land allocated by J & K State Industrial Development Corporation Ltd. The company specializes in the production of pesticide formulations, including Emulsified Concentrates, Wettable Powders, and Granules. The former partnership company was equally shared between Shyamanand Sharma and Pardeep Kumar Jain, with an annual turnover of approximately 100 crores and a healthy profit margin, as indicated by the company’s financial statements.

During their board meeting on September 2, 2023, the board of directors reached a resolution acknowledging the escalating market demand for branded formulations. To address this demand, the company recognized the necessity to augment its manufacturing capacity. In evaluating potential solutions, such as in-house expansion and a greenfield project, the board noted the time constraints, estimating a minimum of 15-18 months and the risk of missing business opportunities.

Given the current commitments of the company’s existing partners to other business ventures, Kashmir Chemicals extended an invitation to BAL to enter into a partnership to facilitate the seamless operation of the manufacturing unit. Subsequently, the board decided to invest in Kashmir Chemicals by acquiring a 99 per cent stake in the partnership, alongside the participation of the existing partners. This strategic move is expected to significantly contribute to BAL’s expansion of formulation manufacturing capacity, resulting in an approximate addition of Rs 350 crores to its overall returns.

It is important to note that BAL has also been granted a 20-year patent for their innovative creation, the “SYNERGISTIC GRANULAR HERBICIDAL COMPOSITION FOR PADDY”. The company intends to introduce this one-shot herbicide in the upcoming Kharif season under the brand name “Orisulam”.

This strategic move is expected to significantly

Agro chems – Chemicals, Agrotech, India, R&D

Registrations will further strengthen company’s position in the domestic market and will increase its revenue through exports as well.

Listed among the top agrochemical companies in India, Best Agrolife Ltd. (BAL) has received registrations for the indigenous manufacturing of Mepiquat Chloride, Metalaxyl, Metolachlor, Flonicamid, Clomazone, Ethiprole, Thiacloprid, Halosulfuron Methyl, and Dodine technicals. The company also recently acquired the registration for the indigenous manufacturing of Cyhalofop-butyl (Market size: Rs. 350 Cr) and Propaquizafop Technical u/s 9(3) from CIBRC.

Speaking on the development, Vimal Alawadhi, MD, Best Agrolife Ltd. said, “These technicals will not only fortify all the sections of our product portfolio but will also enable us to serve the farmer community better. Moreover, since there is a huge demand for these technicals in India and across the globe they will further strengthen our position in the domestic market and will increase our revenue through exports as well.”

1. Mepiquat Chloride Tech: Mepiquat chloride is a plant growth regulator for cotton. It promotes the reproductive growth of plants, inhibits the crazy growth of stems and leaves, controls side branches, and shapes ideal plant shapes.

2. Metalaxyl Tech: A broad-spectrum, systemic fungicide Metalaxyl is used to control plant diseases caused by Oomycete fungi in a variety of fruit and vegetable crops.

3. Metolachlor Tech: Metolachlor is a broad-spectrum herbicide used for general weed control in corn, soybean, and sorghum, and on ornamental plants, trees, shrubs, vines and in forestry.

4. Flonicamid Tech: Flonicamid is an eco-friendly systemic insecticide that controls aphids, whiteflies, and thrips in apples, peaches, wheat, potato vegetables, cotton, ornamentals, etc.

5. Clomazone Tech: Clomazone is a broad-spectrum herbicide used to control annual grasses and broadleaf weeds in cotton, peas, pumpkins, soybeans, sweet potatoes, tobacco, winter squash, and wheat.

6. Ethiprole Tech: It is a broad spectrum non-systemic insecticide that keeps plant hoppers, thrips, aphids, weevils, flies and maggots, grasshoppers, psyllids, leaf minders, and some species of whitefly under control in cotton, peanuts, rice, soybean, tea, sugarcane, and in fruits and vegetables.

7. Thiacloprid Tech: Used as an insecticide to protect cotton, pome fruit, vegetables, and potatoes from a variety of sucking and chewing insects, primarily aphids and whiteflies.

8. Halosulfuron Methyl Tech: Halosulfuron is a systemic herbicide that controls annual broad-leaved weeds and nutsedge species, in maize, sugar cane, rice, sorghum, nuts, and turf.

9. Dodine Tech: Dodine is a fungicide and bactericide used to control scab on apples, pears, and pecans, brown rot on peaches, and several foliar diseases of cherries, strawberries, peaches, sycamore trees, and black walnuts.

Registrations will further strengthen company’s position in