Connect with:
Sunday / December 22. 2024

logo
mobile-logo
HomePosts Tagged "Insecticides (India) Ltd. (IIL)"
Agbiologicals, Agrotech, Company News, Herbicides, India, R&D

Its unique SPF Technology enhances crop tolerance to herbicidal effects, ensuring robust plant health throughout the growing season.

Insecticides (India) Ltd. (IIL), a leading player in the agrochemical industry, has launched Torry Super, a revolutionary post emergence herbicide designed to redefine weed control while ensuring crop safety. Listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), IIL continues to bring the latest technology with its latest post emergence herbicide Torry Super, leveraging SPF Technology to deliver unparalleled efficacy.

“We are thrilled to introduce this new maize herbicide Torry Super, showcasing IIL’s dedication to bring the latest technology through our R&D efforts. This innovation highlights our commitment to equipping farmers with top-tier products that boost productivity and promote sustainable farming practices. We are confident that Torry Super will help the maize farmers get good productivity.” stated Rajesh Aggarwal, Managing Director of Insecticides (India) Ltd.

Torry Super is a new age exclusive herbicide based on the SPF technology developed by the IIL’s R&D team, with array of benefits. We have done large scale demonstrations across geographies to show the benefits of using Torry Super. We are confident that this product will surely provide a value for the money to the maize farmers pan India. We look forward to making this as one of the leading maize herbicide brands in the first year of launch itself, mentioned Dushyant Sood, Chief Marketing Officer, Insecticides (India) Ltd.

Key benefits of Torry Super include faster weed control, visible results within 3-5 days of application, powerful weed control with extended residual activity for up to 15 days beyond conventional herbicides. Its unique SPF Technology enhances crop tolerance to herbicidal effects, ensuring robust plant health throughout the growing season. Ease of application is another key benefit of Torry Super, highlights Manoj Singh Bhandari, Crop Manager-Corn.

Its unique SPF Technology enhances crop tolerance

Agro chems – Chemicals, Company News, Finance, India

In the first \of FY24, IIL recorded Rs 13,359 Mn in revenue, a significant 17 per cent growth compared to Rs 11,429 Mn in H1FY23.

Insecticides (India) Ltd. (IIL), a leading manufacturer of crop protection and nutrition products in India, declared its financial results for the second quarter of fiscal year 2024. With a diverse portfolio comprising over 21 technical products, 105 formulation products, IIL continues to be at the forefront of the crop care industry.

During the current quarter, the company achieved a remarkable revenue growth of 20 per cent, with total revenue reaching Rs 6,959 Mn in Q2FY24, compared to Rs 5,822 Mn in the same period last year. In the first half of FY24, IIL recorded Rs 13,359 Mn in revenue, a significant 17 per cent growth compared to Rs 11,429 Mn in H1FY23. This impressive growth is predominantly driven by value-added products.

IIL’s strategic focus on enhancing the mix of value-added products, including Maharatna and Focus Maharatna has been instrumental in this growth. New products like Hachiman, Torry, and Shinwa over the past two years have contributed to the upward trajectory. In the last quarter, IIL introduced four new products to the market, including Supremo SP (an insecticide for paddy fields and vegetable crops), Nakshatra (an herbicide for sugarcane), Green Expert (a patented combination herbicide for paddy), and Bouncer (a non-selective herbicide).

Commenting on the performance, Rajesh Aggarwal, Managing Director of Insecticides (India) Limited, stated, “We continue to witness growth across our product portfolio, driven by R&D and backward integration initiatives. Favourable monsoon conditions in most parts of the country has reinforced demand for our products. Our focused marketing efforts and brand building activities have yielded positive results.”

IIL has made significant strides in digital engagement with farmers, enhancing channel engagement and providing crop advisors with accurate data. Additionally, The Patent Office, Government of India, has granted patent to IIL entitled “Novel Amide Compound, Method for Producing the Same, and Miticide.”

The company has further announced an Interim Dividend of Rs 3 per share (30 per cent of the face value of Rs 10/-), with a record date for the dividend set for November 10, 2023.

In the first \of FY24, IIL recorded