Connect with:
Saturday / December 21. 2024

logo
mobile-logo
HomePosts Tagged "Best Agrolife Ltd (BAL)"
Agribusiness, Agro chems – Chemicals, Company News, Finance, India, Trade

The acquisition, finalised through a 100 per cent stake purchase with cash consideration, amounts to an estimated enterprise value of Rs 139 Crores.

Best Agrolife Ltd (BAL), a prominent player in the Indian agrochemicals industry, has made a significant stride with the acquisition of Sudarshan Farm Chemicals India Pvt Ltd (SFCL). This acquisition marks a milestone in BAL’s journey, as it not only expands its market presence but also strengthens its R&D capabilities and product portfolio.

The acquisition, finalised through a 100 per cent stake purchase with cash consideration, amounts to an estimated enterprise value of Rs 139 Crores. After accounting for Net Working Capital and other Liabilities, the cash outflow for BAL is expected to be around Rupees 9.5 Crore. This strategic move is aimed at leveraging SFCL’s expertise in R&D and brand management to enhance BAL’s market position and drive growth.

SFCL, a subsidiary of Sudarshan Chemical Industries, boasts a rich legacy of 40 years in the agrochemicals sector. Known for its commitment to quality and innovation, SFCL has earned the trust of farmers across the country. The company’s focus on developing cost-effective manufacturing routes for off-patent molecules has been a key driver of its success.

One of the key assets acquired by BAL through this deal is SFCL’s impressive IP portfolio, which includes 10 patents (applied). This portfolio, combined with SFCL’s R&D capabilities, will provide BAL with a competitive edge in developing new and innovative products for the market.

The acquisition also grants BAL access to SFCL’s popular brands, including “Sutathion,” “Suphos,” “Suchlor,” and “Sumidon.” These brands, known for their quality and effectiveness, will complement BAL’s existing product lineup and help expand its presence in the central and southern regions of India.

The acquisition, finalised through a 100 per

Agribusiness, Agro chems – Chemicals, Company News, India, Inputs

This strategic acquisition aims to leverage SFCL’s significant R & D capabilities, IP portfolio and backward integrated technical manufacturing knowledge.

Agrochemical major, Best Agrolife Ltd (BAL) announced the proposal to acquire Sudarshan Farm Chemicals India Pvt Ltd. (SFCL). SFCL is an established name in field of agrochemicals and innovative process chemistries having an IP portfolio of 10 patents (applied). This strategic acquisition aims to leverage SFCL’s significant R & D capabilities, IP portfolio and backward integrated technical manufacturing knowledge. BAL proposes use SFCL’s extensive expertise in development of cost competitive and unique manufacturing routes for off patent molecules.

The proposed acquisition will give Best Agrolife access to the complete IP portfolio of SFCL and its R & D division, complementing Best Agrolife’s R & D divisions at Gajraula and Noida. Best Agrolife intends to utilise this acquisition for its technical brown field and green field capacity enhancements.

 As a part of the merger, BAL will gain access to all of SFCL’s brands, including “Sutathion”, “Suphos”, “Suchlor” and “Sumidon”. BAL intends to supplement its position in the central and south zones with the SFCL brands.

BAL will be able to extend its reach with the Sudarshan’s network of over 2500 dealers. The extended network is planned to be an inorganic growth accelerator in alignment with the proposed capacity expansion at BAL.

Best Agrolife Ltd (BAL) is a leading agrochemical company committed to delivering innovative solutions for sustainable agriculture. Presently, BAL boasts manufacturing capacities of 7,000 MTPA for technicals and 30,000 MTPA for formulations across three manufacturing plants situated in Gajraula, Greater Noida, and Jammu & Kashmir. With a network of over 8,500 distributors across India, BAL maintains an impressive portfolio of 480+ formulations and holds over 115 technical manufacturing licenses. With a focus on quality, integrity, and customer satisfaction, BAL continues to set new benchmarks in the agrochemical industry.

This strategic acquisition aims to leverage SFCL's

Agribusiness, Agro chems – Chemicals, Company News, India, R&D

The patent has been granted to Seedlings India Pvt. Ltd., one of the wholly owned subsidiaries of BAL.

Best Agrolife Ltd (BAL), a prominent player in the Indian agrochemical industry, continues solidifying its position as a trailblazer with its latest patent acquisition for the groundbreaking product Tricolor. The patent has been granted to Seedlings India Pvt. Ltd., one of the wholly owned subsidiaries of BAL.

BAL launched this innovative fungicidal composition in July 2023. Already trusted by farmers across India, Tricolor underscores BAL’s commitment to revolutionising crop protection and management methodologies.

Tricolor, a synergistic blend of Strobilurin and Triazole fungicides with sulphur, has earned recognition for its superior efficacy and remarkable results. By combining Trifloxystrobin and Difenoconazole with sulphur, BAL has introduced a broad-spectrum fungicide with prophylactic, curative, and eradicative actions. This unique formulation effectively controls a multitude of crop diseases such as sheath blight, powdery mildew, scab, and alternaria across various crops including rice, tomato, grapes, chilli, wheat, mango, and apple.

Tricolor exemplifies the company’s dedication to developing novel solutions that address the evolving needs of Indian farmers. The synergistic combination of active ingredients in Tricolor enhances efficacy and ensures sustainable crop protection, contributing to better crop health and increased crop productivity.

Best Agrolife Ltd’s commitment to innovation extends beyond Tricolor. The company’s robust pipeline of patented products, including the upcoming launch of Warden Extra and Orisulam, further underscores its leadership in driving advancements in agriculture.

Warden Extra, slated for release in April 2024, promises to deliver enhanced crop protection, building upon the success of BAL’s previous innovations such as Ronfen. Meanwhile, Orisulam, a forthcoming patented herbicide, signifies BAL’s unwavering dedication to pushing the boundaries of agricultural solutions.

Furthermore, BAL’s recent unveiling of Shot Down, a breakthrough synergistic herbicidal composition, marks another milestone in the company’s journey of innovation. This product, featuring Haloxyfop, Imazethapyr, and Butylated Hydroxy, is poised to transform soybean cultivation by offering a comprehensive solution for weed control.

The accolades continue to pour in for Best Agrolife Ltd, with the company recently securing the prestigious “Most Innovative Campaign and Product Development” Award at the PMFAI SML Agchem Awards 2024. This recognition from the esteemed Pesticides Manufacturers & Formulators Association of India (PMFAI) underscores BAL’s pioneering strides in the industry and its commitment to driving meaningful change through innovation.

The patent has been granted to Seedlings

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

With these registrations, the company aims to launch new products in the first quarter of FY 2023-24, targeting a revenue generation of around Rs 500 crores

Best Agrolife Ltd (BAL), one of the top agrochemical companies in India, has obtained registrations from Central Insecticides Board & Registration Committee (CIBRC) to indigenously manufacture five new technicals which have the potential to benefit Indian agriculture immensely and increase the crop production by eliminating harmful herbs and pests. These technicals are Ametryn, Metiram, Clothianidin, Cyazofamid, Pinoxaden and a 9(3) FIM vs FI registration for Metiram 55 per cent + Pyraclostrobin 5 per cent WG.

Vimal Alawadhi, MD, Best Agrolife Ltd said, “BAL focuses on introducing technologically advanced, diversified, cost-effective, and sustainable crop solutions. It helps farmers protect their crops, increase yield and improve their lives in general. These new registrations will also create huge growth opportunities for BAL this year as there is high demand for these technicals and their formulations in the domestic and international markets. Moreover, the beefed-up portfolio will strengthen our farmer base and will expand our domestic & global distribution network further. We plan to launch these products in the first quarter of FY 2023-24 and expect that these products will generate revenue of around Rs. 500 crores for the company.”

Talking individually about the formulations, Ametryn is herbicide used to control broadleaf weeds and annual grasses in pineapple, sugarcane and bananas and for general weed control in corn and potato crops. Metiram, on the other hand, is a broad-spectrum fungicide that protects fruits, vegetables, field crops, and ornamentals from foliar diseases and damping off. It can also prevent crop damage in the field and during storage and transportation. Clothianidin is used against piercing-sucking insects of major crops like corn, soybeans, leafy greens, and fruits. It is one of the seven insecticides within the neonicotinoid class with low mammalian toxicity. The fourth technical, Cyazofamid, is a protectant fungicide that inhibits all stages of fungal development in potatoes and tomatoes. Pinoxaden, a pro-herbicide, is beneficial in controlling grass weeds in wheat, barley, and other cereal crops. The last in the list, a 9(3) FIM vs FI registration for Metiram 55% + Pyraclostrobin 5 per cent WG, is a highly effective fungicide to control early blight disease in tomatoes, late blight disease in potatoes, and downy mildew disease in grapes.

With these registrations, the company aims to