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HomePosts Tagged "Coromandel International"
Agribusiness, Agro chems – Chemicals, Agro chems – Fertilizers, Company News, Fungicides, India

The new products include an innovative neem-coated bio plant and soil health promoter and five generic formulations, offering comprehensive crop protection solutions for Indian farmers.

Agro-chemical major Coromandel International announced the launch of 10 new products, including patented ones, to boost crop yield and protect harvests from pests and diseases. The new products include an innovative neem-coated bio plant and soil health promoter and five generic formulations, offering comprehensive crop protection solutions for Indian farmers, the company said in a statement.

Coromandel has partnered with Japan’s ISK to launch Prachand, a patented product using Japanese technology to protect paddy crops from pests like stem borers and leaf folders that can cause up to 70 per cent yield losses.

Company has also developed a formulation to effectively combat fall armyworm, a highly destructive pest that damages up to 30 per cent of the corn crop annually in India.

Two new patented fungicides aim to improve crop health and yields – one offers long-lasting control of sheath blight disease in rice, while the other provides both surface and systemic action against diseases in potatoes, grapes and tomatoes.

Coromandel’s new product launches come as Indian farmers grapple with increasing pest attacks challenging crop output. The company’s share of sales from new products stood at 15 per cent in the fiscal ending March 2024.

“This marks the first time that Coromandel has introduced 10 new products in a single year,” said Raghuram Devarakonda, Executive Director at the company’s crop protection and bioproducts division.

The launches include one product developed through Japanese collaboration and four from in-house research, Devarakonda said, adding that the company remains at the forefront of farm innovation in India.

The new products include an innovative neem-coated

Company News, Finance, India, Investments, Start ups

Coromandel will invest Rs 150 crore taking its shareholding in the Dhaksha to 58 per cent.

Agriculture solutions provider Coromandel International is acquiring an additional 7 per cent stake in Dhaksha Unmanned Systems for Rs 150 crore taking its shareholding in the Chennai-based drone maker to 58 per cent.

The proceeds from the fund-raise will help Dhaksha strengthen research and development efforts, cater to servicing large orders and meeting working capital needs, Coromandel said on the acquisition through subsidiary Coromandel Technology.

“The investment in Dhaksha aligns with Coromandel’s vision of diversifying in technology spaces and promoting technology adoption across various spheres,” said Arun Alagappan, Executive Chairman Coromandel International.

Coromandel has been associated with Dhaksha from is start-up stage, supporting the company on talent acquisition, R&D and scaling up production. Dhaksha has strengthened its technological capabilities in the past year, investing in research activities to develop new products and applications. “We remain committed to bringing in latest innovations in drones and enable Dhaksha to become a drone manufacturing major in the country”, Alagappan said in a release.

The 2019 incorporated Dhaksha provides a range of Unmanned Aerial Systems (UAS) for use in agriculture, defence, surveillance and enterprise applications. It also offers remote pilot training services.

Dhaksha bagged several orders from defence and agri input companies last year and its order book stands at Rs 265 crore. It has recently expanded production capacity with a state-of-the-art manufacturing facility established on the outskirts of Chennai, Coromandel said.

Coromandel will invest Rs 150 crore taking

Agro chems – Chemicals, Agrotech, Company News, India

Nano DAP production facility in Andhra Pradesh will have a capacity to manufacture 4 crore bottles and is likely to be commissioned in 2023.

Coromandel International Limited, leading Indian agri solutions company has announced the launch of ‘Nano DAP’ a cutting-edge nanotechnology-based fertilizer, developed by its R&D centre based at IIT Bombay. The company has conducted 700 field trials and has partnered with leading agricultural universities to establish efficacy of the product. Coromandel has received regulatory clearance from the Department of Fertilizers for manufacturing Nano DAP earlier in March, makes the company the pioneer in adopting nano technology in Phosphatics fertiliser space.

The company is setting up a Nano DAP production facility in Andhra Pradesh with a capacity to manufacture 4 crore bottles and is likely to be commissioned in 2023. The product would be available in 1-litre bottle, which can supplement the nutrient needs of one acre farm.

The company has been driving sustainable farm practices by leveraging technology solutions to promote its integrated nutrient management approach.

Nano DAP production facility in Andhra Pradesh

Agro chems – Pesticides, Company News

The three insecticides developed for rice, cotton and vegetable crops are a combination effective chemicals and fungicide will protect paddy crops from sheath blight and rice blast infections.

Agrochemical and fertiliser major Coromandel International launched three insecticides and a fungicide in recent.Company’s senior assistant vice-president and head (formulations-sales and marketing) B.V.S. Satish, launched Ortain Super, Phendal Plus, Canister and Prop-Plus, in the presence of firm’s assistant vice-president and head (formulations-sales and marketing) G.V. Suryanarayana, dealers and distributors.

  B.V.S. Satish said “All the four products had been developed in-house the company after a lot of research and development work. “The three insecticides developed for rice, cotton and vegetable crops are a combination effective chemicals, while fungicide Prop-Plus will protect paddy crops from sheath blight and rice blast infections”.

Satish also added that  the company was working towards strengthening its product portfolio for all major crops.Company’s senior general manager and regional business head S. Venkata Reddy, senior general manager and expert (marketing) Satish Tiwari and general manager (strategic marketing) Sourav Chakraborty were present on the occasion.

The three insecticides developed for rice, cotton

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

Three insecticides, one herbicide and one fungicide were added to the portfolio

Coromandel International has introduced five new products in its crop protection range: three insecticides, one herbicide and one fungicide into their portfolio. The meeting was attended by 200 dealers along with 50 employees. 

OFFICER is a new generation selective herbicide. It is a broad-spectrum systemic herbicide that controls almost all categories of weeds in paddy. ORTAIN SUPER is a combination insecticide for paddy, has a dual mode of action for resistance management and provides effective control over both lepidopteran and sucking pests. PHENDAL PLUS insecticide for paddy prevent resistance development with its dual mode of action and has a knockdown effect causing faster kill of target pests. CANISTER is a broad-spectrum insecticide for chilli having effective control on mites, whiteflies and thrips, has control in all stages of mite’s lifecycle and has a long residual action that results in long-duration control. PROP – PLUS is a combination of two highly systemic triazole fungicides resulting in two different modes of action that help in resistance management for paddy, offer effective disease control, has less foam formation and have good rain fastness.

Sameer Goel, MD, Coromandel International said, “Coromandel will continue to develop innovative products in Nutrition and Crop Protection segments to serve the farming community.”

Three insecticides, one herbicide and one fungicide

Company News, Finance

The EBITDA for Q4 was Rs 272 crore registering an increase of 20 per cent over Q4 of previous year

The Board of Directors of Coromandel International has approved the financial results of the company for the quarter and year ended March 31, 2022. The Board had declared an interim dividend of Rs 6.00 per share in February 2022 and was paid to the shareholders in March 2022. The board has now recommended a final dividend of Rs 6 per share for the financial year 2021-22.

The total income in Q4 was at Rs 4,294 crore compared to Rs 2,860 crore of same period previous year, registering a growth of 50 per cent over previous year. The EBITDA for Q4 was Rs 272 crore registering an increase of 20 per cent over Q4 of previous year. The PAT for Q4 was Rs 183 crore vs Rs 156 crore in Q4 of previous year registering a y/y growth of 17 per cent. The total income for the year ended March 31, 2022 was Rs 19,231 crore compared to Rs 14,231 crore of same period previous year, registering a growth of 35 per cent over previous year. The EBITDA for FY 21-22 was Rs 2,036 crore vs Rs 1,970 crore in previous year, registering an increase of 3 per cent over the previous year. The PAT for FY 21-22 was Rs 1,412 crore vs Rs 1,313 crore of the previous year registering a y/y growth of 8 per cent.

The EBITDA for Q4 was Rs 272 crore registering