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Agro Universities, Agrotech, Collaborations, Company News, India, R&D

With the grant-in-aid from CFCL over a period of 5 years, TERI will carry out end-to-end research, and products will be jointly developed to provide biological solutions as a complement to chemical agri-inputs.

Chambal Fertilisers and Chemicals Limited (CFCL) and The Energy and Resources Institute (TERI) signed an Agreement for research today, to establish the “CFCL-TERI Centre of Excellence for Advanced and Sustainable Agriculture Solutions.” The Agreement was signed by Abhay Baijal, Managing Director, CFCL and Dr Vibha Dhawan, Director General, TERI.

The Agreement for Research focuses on advancing biogenic innovations to develop efficacious and eco-safe products for crop nutrition and crop protection in order to achieve sustainability in agriculture. With the grant-in-aid from CFCL over a period of 5 years, TERI will carry out end-to-end research, and products will be jointly developed to provide biological solutions as a complement to chemical agri-inputs.

The joint initiative of CFCL and TERI aims to address the pressing challenges in the Indian agriculture sector, such as stagnating agricultural productivity, soil health degradation, poor nutrient use efficiency, reduced response (resistance) to chemicals and negative impact of excessive synthetic inputs on environment and human health, by developing innovative biogenic solutions, such as nano biotechnology based alternative fertilisers, bio-fertilisers, bio-stimulants, and biological control agents and biopesticides which would have no negative impact on environment and human health and provide improved benefit to cost ratio to farmers.

Dr Vibha Dhawan, Director General, TERI, emphasized the significance of this initiative, saying, “The ever-increasing population poses food-security challenges, and by 2050 the world needs to increase food production by 70 percent. Traditional chemicals alone cannot increase food production and protect crops from pathogens. The Indian Government under the PM PRANAAM scheme is continuously promoting alternative fertilisers and biogenic agri-inputs. TERI is one of the pioneers in this arena, and in collaboration with robust industry partners like CFCL, holds the potential to bring cutting-edge biological solutions to the market to address multiple issues related to food security, human health, and impact on environment and climate.”

Abhay Baijal, Managing Director, CFCL, expressed optimism about the partnership, stating, “The success of Uttam Superrhiza and encouraging response of Uttam Pranaam Bio-Phosphorous led us to establish this joint Centre of Excellence (CoE) to promote sustainability through bio-based agricultural solutions in India. This initiative strengthens our long-term partnership with TERI to develop sustainable agriculture bio-solutions that benefit both agriculture and the environment. The Centre of Excellence aligns closely with the Government of India’s BioE3 initiative which aims to promote bio-manufacturing industries. By leveraging TERI’s research capabilities and CFCL’s market expertise, it aims to create innovative, eco-friendly agricultural solutions that enhance soil and environmental health, address climate resilience, and support food security.”

With the grant-in-aid from CFCL over a

Agribusiness, Animal Health, Interaction

In an interaction with AgroSpectrum, Aravindha Krishnamachari, Managing Director, Tex Biosciences shares the company’s plans and goals for the coming years. Edited excerpts;

Tex Biosciences, a family-owned organisation promoted by its Founder R P Krishnamachari, began its operations in leather and textile markets in 1979. The company has witnessed phenomenal growth and has a strong and diversified presence in animal feed, leather, water treatment, wastewater treatment, pulp & paper, textiles and detergent industries. Now the company is a major player in India and abroad for the manufacturing of animal feed additives for poultry, piggery and aqua market. Having two state-of-the-art plants in Tamil Nadu and registering its products in over 22 countries, it is also offering Contract Manufacturing Services. In an interaction with AgroSpectrum, Aravindha Krishnamachari, Managing Director, Tex Biosciences shares the company’s plans and goals for the coming years. Edited excerpts;

What have been the main growth drivers for Tex Biosciences in the last financial year? And how much increment in average turnover has the company seen during this period?

Animal Feed and Contract Manufacturing have been the main growth drives for Tex Biosciences in the last financial year. We grew at 7.6 per cent to achieve a turnover of Rs 71.08 crore in 2023-24.

What infrastructure and strategies do you have in place to boost the industry developments and partnerships for this year and the coming years?

 Tex Biosciences undertook a Rs 32 crore ($4 million) expansion programme to increase production capacities and improve capabilities. The expansion programme began in January 2021 and was completed by February 2024. The company added to its facility’s multiple large-scale fermenters and downstream processing equipment. We also created product and market specific blenders and packing units to service our contract manufacturing customers. Our strategy is to have a strong and large manufacturing capacity to be able to effectively service the industrial biotech market and embark on more contract manufacturing projects.

In which segment do you see promising supply requirements that will shape the company’s growth trajectory in the coming years? How do you strategise to stay on top of disruptions in the global supply chain?

Tex Biosciences sees good market potential in the feed and food industry. Our FAMI Qs, ISO 22000 and ISO 9001 certifications serve us in good stead to be able to serve the feed and food market. Antimicrobial peptides in both feed and food have good market potential and we see more companies looking at natural ways to improve feed and food nutrition and preservation.

Fermentation is both an Art and Science. Higher capacities allow us to compete with Chinese manufacturers and achieve economies of scale through large upstream and downstream equipment. Multiple fermenters housed in separate enclosures allow us to run multiple projects at the same time.

Indian biotech companies especially the ones that operate in industrial biotech sectors have to be risk taking and invest into large capacities. This allows us to run regular productions at lower cost and frees up time and capacities to run new trials and process/product optimisation. Tex Biosciences has been following this and is committed to continuously investing into large fermenter upstream and downstream capacities and embarking on new product development and process improvements.

In terms of product diversification to meet consumer needs and ensure expansion, what are the highlights in the company’s R&D sector in the coming 2-3 years?

Our R&D has been very active in discovering biotech solutions to problems faced in the animal feed industry. We have also expanded our product range into wastewater treatment and pulp and paper industries. Some of the notable contributions from our R&D team include Probiotics based solution to reduce ammonia smell in animal and aquaculture farming; Antimicrobial peptide solutions to reduce pathogen related diseases in animal and aquaculture farming; Using enzymes, probiotics and biotech components for bioremediation of wastewater and biotech solution for deinking of paper and reducing chemical usage.

To read more click on :https://agrospectrumindia.com/e-magazine

In an interaction with AgroSpectrum, Aravindha Krishnamachari,

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

Company posted Revenue from Operations at Rs. 746.6 Crore in Q2 FY25.

Best Agrolife Limited, amongst India’s leading agrochemicals manufacturers, announced its unaudited financial results for the quarter and half year ended September 30th, 2024, in the Board meeting held on 18th October, 2024.

 Company’s Q2 FY25 Revenue from Operations declined by 8 per cent YoY to Rs. 746.6 crore in Q2 FY25 compared to Rs. 811.2 crore in Q2 FY24 due to lesser sprays on account of continuous rains and a strategic higher focus on branded sales. Branded sales contributed 65 per cent to the overall revenue as compared to 63 per cent in Q2FY24. Q2 FY25 EBITDA was at Rs. 147.1 crore compared to Rs. 144.1 crore in Q2 FY24. EBITDA margin stood at 19.7 per cent with an increase of 193 Bps on YoY basis, mainly on account of stability in raw material prices & higher sales of branded products. Company’s Q2 FY25 PAT stood at Rs. 94.7 crore compared to Rs. 94.9 crore in Q2 FY24. As on September 30, 2024, the Net Debt to equity has improved to 0.59 as compared to 0.90 as on 31st March 2024.

Commenting on the result and overall update on the Q2 FY25, Vimal Kumar, Managing Director, Best Agrolife Ltd. said, “We are pleased to announce that Best Agrolife Ltd. has delivered a strong performance in Q2 FY25, capitalising on favourable market conditions and executing our strategic shift toward branded sales. Our commitment to enhancing brand visibility and expanding our market presence has yielded positive results, contributing significantly to both top-line and bottom-line growth.”

During H1 FY25, we secured three key patents for our innovative formulations, reinforcing our leadership in the crop protection segment. Our branded products continued to perform exceptionally well across regions, driving overall revenue growth. As a result of these efforts, we saw a substantial improvement in profitability, with our margins expanding from 26 per cent to 34 per cent year-on-year.

Due to our effective working capital management, we have seen a significant improvement in cash flow from operating activities, rising from Rs 5 crores in H1FY24 to Rs 125 crores in H1FY25, reflecting our ongoing focus on optimizing financial performance.

A notable achievement has been the effective management of sales returns-a challenge we faced in the previous fiscal year. By optimizing our supply chain to better align with channel demand, we successfully reduced sales returns, which are expected to remain significantly lower than last year.

“Looking ahead, we are excited about our strong product pipeline for Q3 and Q4 FY25. In the upcoming quarter, we plan to launch our patented herbicide ‘Shot Down’ alongside a new insecticide. Additionally, two more cutting-edge insecticides are slated for release in Q4, further strengthening our product portfolio and market competitiveness. As we move forward, Best Agrolife remains committed to leveraging innovation, expanding brand presence, and maintaining financial discipline to drive sustainable growth in the coming quarters.”

Business Highlights

The Company was granted a patent for its novel ternary pesticide formulation that integrates Isoprothiolane, Pymetrozine, and Trifloxystrobin; as well as one for its fungicide formulation that combines Trifloxystrobin and Valifenalate.

Best Agrolife received a patent for innovative insecticide formulation ‘Nemagen’ that combines Chlorantraniliprole, Novaluron, and Emamectin Benzoate.

The Company received regulatory approval for Nemagen, an insecticide formulation called to target resistant pests causing major crop damage.

Company posted Revenue from Operations at Rs.

Agro Universities, Company News, India

Empowering MSMEs and agricultural entrepreneurs through business management and capacity building training.

Yara India, a subsidiary of Yara International and the world’s leading crop nutrition company, announced the launch of the second cohort of the Yara Leadership Academy (YLA) in India. Building on the tremendous success of its first cohort, YLA Cohort 2 aims to improve the leadership and business management abilities of Micro, Small, and Medium-Sized Enterprises (MSMEs) in the agriculture industry with Unifiers Social Ventures Private Limited and Connected Technologies LLP as key partners.

YLA was introduced in 2022 and its first cohort was tested in Kenya and India. As a result, a strong network of about 1,000 agro dealers was established throughout the two countries. 500 MSMEs and their affiliates completed the program successfully in India alone, with an emphasis on encouraging female leaders and youth involvement. Driven by the encouraging responses from stakeholders, Yara has raised its investment in agribusiness capacity building by a substantial margin. The second cohort of the Yara Leadership Academy now includes participants from Eastern Uttar Pradesh and Bihar, alongside continued efforts in Western Uttar Pradesh. This year, the program aims to graduate 700 applicants from over 70 districts across these regions.

The 15-week comprehensive Yara Leadership Academy curriculum covers a broad range of subjects, such as business management, agronomic knowledge, and regenerative agricultural practices. The program contains courses on business establishment, budgeting, growth mindset, product quality, customer service, and other crucial areas of business operations. The program offers participants both digital access via tablets and in-person networking sessions. Through practical tasks and exercises, these modules foster cross-learning and enable participants to immediately apply their newly acquired knowledge to their respective enterprises. A team of 15 coaches supports the 700 candidates on the ground, ensuring they not only complete the program but also effectively apply their new knowledge to their businesses.

Notably, this year has seen a significant increase in female participation, with the ratio of female participants rising from 22 per cent to an impressive 28.3%. Yara is also extending its vision beyond retailers to include Farmer Producer Organizations (FPOs), Independent Agricultural Entrepreneurs in Bihar, a special group of women from Babrala Self-Help Groups, young girl learners, and participants from Bayer BLF Centres.

Speaking on the initiative, Sanjiv Kanwar, Managing Director, Yara South Asia said, “At Yara, we envision a future where Indian agriculture is not only productive but also sustainable, resilient, and equitable. Achieving this vision requires more than just providing premium inputs, it demands empowering and upskilling all individuals who form the very backbone of the industry, and that includes actively encouraging and supporting the vital contributions of women in agriculture. The Yara Leadership Academy is our commitment to nurturing the next generation of agricultural leaders, equipping them with the skills, knowledge, and networks to build thriving businesses and drive positive change across the entire agricultural landscape.”

Empowering MSMEs and agricultural entrepreneurs through business

Acquaculture, Agribusiness, Agro Universities, Agrotech, Animal Health, Collaborations, Company News, India, Live Stock

The VNN vaccine developed by CIBA can prevent vertical transmission of the disease to the offsprings and prevent mortality in fingerlings.

Indian Immunologicals Limited (IIL), a leading vaccine manufacturer, has announced partnership with Central Institute of Brackishwater Aquaculture (CIBA), Chennai, an Indian Council of Agricultural Research (ICAR) Institute for the commercial development of a recombinant monovalent viral nervous necrosis vaccine for finfish developed by CIBA.

IIL ventured into aqua business in October 2022 by launching products for aquaculture health market dealing with pond management and fish or shrimp gut management and subsequently announced commercial development of fish vaccines with ICAR’s CIFE, Mumbai and CIFA, Bhubaneswar. India is the 3rd largest fish producer in the global sphere and more than 65 per cent of India’s fish is through Inland Fisheries and Aquaculture. The main constraint to aquaculture globally, however, is disease with an estimate that 20 per cent of all cultured aquatic animals are lost because of infectious diseases, amounting to >10 billion USD in losses annually on a global scale.

Viral nervous necrosis (VNN) or viral encephalopathy and retinopathy (VER) is an acute viral disease affecting several species of marine, brackishwater and freshwater fishes. The disease causes up to 100 per cent mortality in larval and early juvenile stages. Adult fish when infected, is asymptomatic, but can transmit the virus to the offspring through eggs and gonadal fluids.

Speaking on the occasion, Dr K Anand Kumar, Managing Director, Indian Immunologicals Limited said, “IIL is the first in India to get to fish vaccines. We are covering different kind of fishes (fresh water, brackish water, etc.) and culture conditions (pond, cage culture, etc.) and are aware of the challenges associated with being the first, having been in similar situations for many other livestock vaccines. We are working at multiple fronts in defining pathways for commercial development of fish vaccines in India”.

Dr. Priyabrata Pattnaik, Deputy Managing Director, Indian Immunologicals Limited added “IIL as a leading “One Health” organization is committed to developing vaccines for different fish pathogens with a long-term strategic objective of reducing use of antibiotics in aquaculture there by antimicrobial resistance in environment”.

Dr. Kuldeep K. Lal, Director, ICAR-CIBA said “viral nervous necrosis is a major threat for brackishwater aquaculture. The VNN vaccine developed by CIBA can prevent vertical transmission of the disease to the offsprings and prevent mortality in fingerlings. The vaccine can play a significant role in controlling the loss due to VNN in India and other Asian countries”.

Aquaculture in India suffers economic losses due to infections caused by several bacterial, viral, fungal, and other aetiological agents. Currently these infections are being managed by anti-infectives and other conventional measures with varying degree of success. With the rising concern pertaining on anti-microbial resistance (AMR) and chemical free food products both at global and domestic platforms, there is a growing need for better control measures against these infections. Currently there is no fish vaccines available in India on a commercial scale to prevent aquaculture infections.

The VNN vaccine developed by CIBA can

Agribusiness, Agrotech, Company News, Drones, India

The initiative plans to launch 100 centres in the next two years: Andhra Pradesh, Telangana, Rajasthan, Madhya Pradesh, and Odisha.

Raminfo Limited, a BSE-listed company and a leading innovation-led technology solutions-providing company is marking a significant step toward the agricultural sector with the launch of Kisan Drones Private Limited. This initiative is set to revolutionise the agricultural landscape by offering cutting-edge drone services that promise to enhance farming practices and productivity.

Kisan Drones Private Limited is designed as a “Drone-as-a-Service” platform, poised to deliver a wide range of benefits to farmers across India. These technologically modern drones will be deployed across agricultural fields, enabling precise field mapping and efficient fertilizer spraying. This technological advancement is expected to significantly boost agricultural output and refine the art of farming, providing farmers with a powerful tool for modern agriculture.

The focus of the initiative will be at the grassroots level of the drone ecosystem within the farming fraternity, where farmers will have access to the best drones, servicing of the same, and training of new drone pilots. The drone entrepreneurs will also receive the required financing and guidance to bring them to speed with the demand and business development associated with their new enterprise, making Kisan Drones a one-stop shop not only for new entrepreneurs but also for drone pilots.

L. Srinath Reddy, Managing Director, Raminfo, expressed his enthusiasm, stating – “We are proud to announce the launch of our new initiative Kisan Drones Private Limited to the farming fraternity. Kisan Drones Pvt. Ltd. is the one key stepping stone toward our long journey to empower the agricultural sector with advanced technology. From providing access to top-notch drones and excellent support services for farmers, we not only enhance productivity but also unleash a new wave of entrepreneurship in rural India. It is our commitment that each farmer, irrespective of location, is empowered with the best practices and knowledge to succeed in today’s dynamic agricultural industry.”

The initiative plans to launch 100 centers in the next two years: Andhra Pradesh, Telangana, Rajasthan, Madhya Pradesh, and Odisha. There will be two different types of stores ‘mini and major’ stores to meet the farmers’ needs. The Mini stores will provide only the basic drone store facilities while the Major stores will be larger compared to the mini stores and will provide the farming community with extensive service options with qualified drone pilots to guide the farmers on how to access the different types of drones according to the farmer’s need.

This program also aims to create over 1000+ entrepreneurs in the states of Andhra Pradesh and Telangana in the next 12-18 months, by connecting drone service centers with drone operators. Also, in its role as a medium between the market and the producer, Kisan Drones Private Limited will have the most critical and definitive say in creating synergy between the demand for drone services and producers who cater to that service.

The initiative plans to launch 100 centres

Agro chems – Fertilizers, Company News, Environment, India, Sustainability

Company’s Sustainability Report FY 2023 is structured around Yara’s 5Cs approach to sustainability: Commit, Channelize, Care, Concern, and Contribute

 Yara India, a part of Norwegian multinational Yara International – the world’s leading crop nutrition company and a provider of agricultural, industrial, and environmental solutions, today released its second Sustainability Report. The report outlines Yara India’s commitment to reducing greenhouse gas emissions by improving energy efficiency, adopting renewable energy, and implementing sustainable farming practices. The company has set a target to cut GHG emissions by 70,000 tCO2e by 2026.

Additionally, the report details Yara’s efforts to enhance the sustainability of its operations in India and the progress made towards these goals. Throughout the reporting period, Yara’s digital platforms have effectively disseminated knowledge, reaching over 4.6 million farmers with valuable insights and guidance.

The sustainability report is structured around Yara’s 5Cs approach to sustainability: Commit, Channelize, Care, Concern, and Contribute. These pillars are aligned with the UN Sustainable Development Goals (SDGs) and address critical areas such as resilient governance, efficient resource allocation, environmental stewardship, empathy-driven solutions, and overall societal improvement. The company has outlined a plan to invest in initiatives and programs that will reduce operating costs, provide new revenue opportunities, mitigate operating risks and increase the female workforce across the value chain.

On the occasion, Sanjiv Kanwar, Managing Director, Yara South Asia said, “In an era where the resource use efficiency is declining, our focus is to ensure nutrition sufficiency to help improve farm productivity and incomes.  For the same, Yara offers lower carbon footprint fertiliser portfolio, prioritize practices that restore soil health over time and contribute to move India towards a nature positive food future. Empowering women farmers is not just a moral imperative; it’s a strategic investment in the future of agriculture. At Yara India, we are actively bridging the gender gap and unlocking the untapped potential of women farmers. Through our partnerships with 15 women exclusive FPOs, each with an average of 2,000 members, we are directly supporting approximately 30,000 women farmers and 120,000 members within the farming community. We are committed to creating an inclusive and equitable agricultural landscape which is visible as a key imperative in our sustainability report as well.”

Speaking on the occasion, May-Elin Stener, the Ambassador of Norway to India, said, “As the largest shareholder in Yara, the Norwegian government is proud to support Yara’s objectives, which align closely with the government’s priorities: improving food security, supporting sustainable farming practices, adapting to climate change, and promoting diversity and inclusion. Yara contributes to improving food security not only by offering high-quality products but also by educating farmers in best practices for optimal yields and healthier soil. The 2023 Sustainability Report demonstrates Yara’s commitment to creating a more environmentally sound and gender equal agricultural sector in India. This report highlights not just your achievements, but also your ongoing dedication to innovation and environmental responsibility.”

Company’s Sustainability Report FY 2023 is structured

Agrotech, Company News, India, Start ups

The initiative aims to reduce pesticide application, raise awareness about organic manure, and enhance the export potential of pepper produce.

Herbal Isolates Pvt Ltd of Synthite group — the world’s largest producer of green pepper products — has collaborated with St Jude, a startup firm based in Kasaragod. As part of the initiative, trials will be conducted using an organic plant immune stimulator on pepper plants in South India, mainly in Kolli Hills, Tamil Nadu.

The plant immune stimulator offers an organic solution to enhance immunity, reducing the reliance on chemical pesticides. “We hope that this will enable farmers to command a better price for their products, especially in the EU market,” said Jacob Ninan, Managing Director, Herbal Isolates Pvt Ltd.

The initiative mainly aims to reduce pesticide application in farms, raise farmers awareness about using the right organic manure, and enhance the export potential of their produce. By adopting these practices, benefits including premium prices for farmers and improved quality and marketability of their products can be ensured.

Herbal Isolates, the Synthite group firm, was established in 1984. Today this is a top resource for pepper products such as Dehydrated Green Pepper (crushed and whole), Green Pepper in Brine, Red Pepper in Brine and a host of subsidiary products like Hydrolyzed Vegetable Proteins.

The initiative aims to reduce pesticide application,

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

In Q4 FY24 Company’s Revenue from Operations declined by 46.68 per cent Y-o-Y to Rs. 135.39 crore compared to Rs 253.91 crore in Q4 FY23.

Best Agrolife Limited, amongst India’s leading agrochemicals manufacturers, announced its audited financial results for the quarter and financial year ended March 31st, 2024, in the Board meeting held on 24th May 2024.

Company’s Revenue from Operations declined by 46.68 per cent Y-o-Y to Rs. 135.39 crore in Q4 FY24 compared to Rs 253.91 crore in Q4 FY23, due to an unexpected seasonal failure, of Q3 and Q4 of FY24 as against normal seasonal conditions in same period last year, leading to lower-than-expected sales coupled with surge in sales returns. Q4 FY24 EBITDA (excluding Other Income) was a loss of Rs. 67.10 crore against a profit of Rs 7.14 crore in Q4 FY23. Q4 FY24 PAT stood at loss of Rs 72.49 crore against a loss of Rs 8.41 crore in Q4 FY23, caused by price erosion and our investments in brand building.

Company’s revenue from Operations grew by 7.31 per cent to Rs 1,873.32 crore in FY24 compared to Rs. 1,745.68 crore in FY23. This is mainly due to significant growth in branded sales as compared to the previous corresponding period. FY24 EBITDA (excluding Other Income) was at Rs. 225.59 crore against Rs. 313.66 crore in FY23, a decline of 28.08 per cent on Y-o-Y basis. This is mainly due to shift in business strategy from institutional sales to branded sales, which has resulted in higher employee costs and other expenses. The increase in employee costs is attributable to the strategic investment in manpower to expand the dealer network. Additionally, other expenses have increased due to incremental travel and marketing expenses. In FY24, company posted PAT of Rs. 106.27 crore.

Commenting on the result and overall update on the financial year 2023-2024, Vimal Kumar, Managing Director, Best Agrolife Ltd. said, “Despite the many challenges faced during the year, for the full year FY24, our revenue grew by 7 per cent on Y-o-Y basis. This growth was driven by our shift in business strategy from institutional sales to branded sales. This has resulted in the growth of our branded business by 85 per cent.  However, the EBITDA margins reduced to 12 per cent in FY24, mainly because of the stress on the gross margin due to pricing pressures in the market, primarily caused by oversupply from China. Combination of weather factors, our shift towards branded products, and an expanding distributor network led to higher trade inventory.

Additionally, employee costs have gone up due to a shift in business strategy. The planned increase in employee cost is a strategic investment to strengthen our sales distribution network. Also, other expenses have risen due to incremental marketing costs for focus on branded business.

Despite the high competition from imports, particularly pricing pressure from China and the challenges posed by the global economic climate, we have maintained good profit margins.

This year, our company achieved several significant operational milestones. We became a major partner in Kashmir Chemicals by acquiring a 99 per cent stake, increasing our formulation capacities. Our strategic acquisition of Sudarshan Farm Chemicals will allow us to leverage SFCL’s robust R&D capabilities, IP portfolio, and backward-integrated technical manufacturing expertise. These developments will be crucial in enhancing our manufacturing and innovation capabilities.

In Q4 FY24 Company’s Revenue from Operations

Agribusiness, Agro chems – Chemicals, Company News, Finance, India, Speciality Chemicals

The company has posted total income Rs 413 crore in the January-March quarter of 2023-24 compared to Rs 504.2 crore in the year-ago period.

Chemicals maker Anupam Rasayan India Ltd., one of India’s leading custom synthesis and specialty chemical player, has announced its financial results for the quarter and year ended March 31, 2024.   Company has reported a 44.26 per cent fall in its consolidated net profit to Rs 40.46 crore for the fourth quarter of 2023-24. Company’s net profit stood at Rs 72.63 crore in FY 2023.

The company has posted total income Rs 413 crore in the January-March quarter of 2023-24 compared to Rs 504.2 crore in the year-ago period, a regulatory filing said.

 Anupam Rasayan posted a 23 per cent drop in consolidated net profit to Rs 167.4 crore for the full fiscal 2023-24 against Rs 216.8 crore in the previous fiscal. For the Year ended March 31, 2024, Anupam Rasayan India posted total revenue at Rs. 1505.3 crore as compared to Rs. 1610.5 crore in FY23; down 7 per cent YoY. Company’s Profit After Tax for FY24 was at 167.4 crore as compared to Rs. 216.8 crore in FY23 – degrowth of 23 per cent YoY.

“The chemical industry, including speciality chemicals, has faced significant headwinds during the last year. However, despite the de-growth in the top line, the company has been able to sustain its profitability and maintain margins at 27 per cent levels on a full-year consolidated basis”, said Anand Desai, Managing Director, Anupam Rasayan .

“We believe that headwinds in the industry may continue for the next two quarters. However, the financial year 2025 will be a year of growth for us with our major focus on polymer and pharmaceutical space,” he added.

The company has posted total income Rs

Agribiotechnology, Agribusiness, Agrotech, Collaborations, India, Start ups, Sustainability

Collaboration will bring together BioPrime’s cutting-edge SNIPR technology-based “Chiron” and Yara India’s expertise & leadership in crop nutrition.

 BioPrime AgriSolutions, a leading ag-biotech startup harnessing the power of agricultural biotechnology for sustainable and resilient farming practices, announced a strategic partnership with Yara India, a subsidiary of Yara International, the world’s leading crop nutrition company. Bringing together BioPrime’s cutting-edge SNIPR technology-based “Chiron” with Yara India’s expertise & leadership in crop nutrition, this collaboration marks a noteworthy milestone in serving farmers with sustainable solutions mitigating the risk of crop failures due to weather uncertainties & boosting the crop yields.

Chiron, developed by Bioprime, leverages the cutting-edge SNIPR technology, utilizing small molecules to modulate plant responses effectively. This fast-acting formulation is designed to enhance flower count and improve flower-to-fruit conversion, resulting in a significant increase in crop yields. Additionally, Chiron helps in delivering better qualitative parameters like uniformity of produce & higher-grade output leading to additional profits for the farmers. Farmers have benefited with its capacity to mitigate climatic uncertainties and provide them with a reliable solution for achieving superior crop yields despite changing and challenging agricultural conditions.

“We are excited to collaborate with Yara India to deliver sustainable solutions built on the back of nature for the benefit of farming community”, said Dr Renuka Diwan, CEO of BioPrime. “Together with Yara India, we have the huge opportunity to cater to the unmet needs of the farmers facing the brunt of weather uncertainties leading to loss in yield”.

Speaking on the partnership, Sanjiv Kanwar, Managing Director, Yara South Asia said, “We are delighted to announce Yara India’s strategic partnership with Bio Prime, a leading player in biostimulants. This alliance signifies not just our mutual commitment to innovation and sustainability, but also a shared vision of a greener future for India. Yara India is committed to enhancing crop nutrition and soil health, ensuring healthier crops and improved livelihoods contributing to a nature positive food future”.

This partnership between Bioprime Agrisolutions and Yara India marks a significant milestone in the agricultural sector, paving the way for innovation and sustainability in farming practices. Together, we are poised to empower farmers with the tools and solutions they need to thrive in an ever-evolving agricultural landscape.

Collaboration will bring together BioPrime's cutting-edge SNIPR

Agribusiness, Agro chems – Pesticides, Company News, Finance, India, Live Stock, Oilseeds, Poultry

In FY24 consolidated revenues from operations increased to Rs 9,561 crores from Rs 9,374 crores in FY23.

Godrej Agrovet Limited has announced its financial results for the fourth quarter and full year ended March 31, 2024. The company reported consolidated revenues from operations of Rs 2,134 crores in Q4 FY24 as compared to Rs 2,095 crores in Q4 FY23. Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs. 164 crores in Q4 FY24 as compared to Rs 76 crores in Q4 FY23. Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs. 83 crores in Q4 FY24 as compared to Rs. 2 crores in Q4 FY23.

In FY24 consolidated revenues from operations increased to Rs 9,561 crores from Rs 9,374 crores in FY23. Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs 757 crores in FY24 as compared to Rs. 564 crores in FY23.Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs 434 crores in FY24 as compared to Rs 280 crores in FY23.

Commenting on the performance, Balram Singh Yadav, Managing Director, Godrej Agrovet Limited, said, “The financial year 2023-34 augured well for Godrej Agrovet in terms of robust surge in profitability over FY2022-23. This growth in profitability was primarily driven by exceptional performance of domestic crop protection business, structural turnaround of dairy business, market share gains in Animal Feed and robust volume & margin growth in branded products in our poultry business.

In our Vegetable Oils business, lower end-product prices, which came off record highs of FY23 and normalized during FY24, resulted in lower segment margins as compared to FY23. Company’s domestic crop protection business delivered stellar performance primarily driven by higher volumes of in-house and in-licensed products. Animal Feed business recorded double-digit growth in volumes in cattle feed and fish feed categories and significant increase in segment margins led by softened commodity prices and higher realizations in the aforementioned categories. Our Dairy business achieved remarkable turnaround and returned to profitability. This was driven by focused efforts on improving operational efficiencies and improved milk spread. The Poultry business also recorded robust improvement in profitability on the back of higher live bird prices and increase in volumes of branded product portfolio”.

In FY24 consolidated revenues from operations increased

Company News, People

Yu served as Senior Vice President and General Manager at Yara International

Royal Agrifirm Group has appointed Doris Yu as Managing Director of Asia. Yu has more than 20 years of experience in the food and agriculture industry and will be responsible for overseeing Agrifirm’s business in the Asia region.

Royal Agrifirm Group, a global agricultural company, has announced that Doris Yu has joined Agrifirm as its Managing Director in Asia, from a career that includes leadership positions at global companies such as Cargill and Royal DSM. Most recently, Yu served as Senior Vice President and General Manager at Yara International. With a track record of strategic leadership and business development, Doris Yu is positioned to lead Agrifirm’s team in advancing the company’s strategy and growth initiatives in Asia.

The appointment of Doris Yu comes as Jeroen Jeuken, Managing Director Asia, prepares to pursue other opportunities after nearly a decade of dedicated and committed service at Agrifirm. Under Jeuken’s leadership, the Asian region has achieved significant milestones in business development and growth, setting the foundation for further progress. He has played a pivotal role in navigating Agrifirm through significant challenges in Asia, including the complexities posed by the COVID-19 pandemic and the African swine fever outbreak. Agrifirm states that it extends its sincere gratitude to Jeroen for his contributions and wishes him the very best in his future endeavours.

Yu served as Senior Vice President and

Agro chems – Fertilizers, Company News, India

With this certification, Yara joins a league of prominent organizations recognised for an exceptional work environment with an enviable culture.

Yara India, a subsidiary of Yara International and the world’s leading crop nutrition company, has been certified as a Great Place to Work®, in the category of mid-size organisations from February 2024-February 2025. The Great Place to Work Certification recognises employers who create an outstanding employee experience.

Description automatically generated Yara India has received this certification for the first time, based on the direct feedback from employees that was provided as part of an extensive anonymous survey about their experience at Yara India. With this certification, Yara joins a league of prominent organizations recognised for an exceptional work environment with an enviable culture. The survey showcased employees’ appreciation for Yara’s flexible approach, openness to innovation, and transparent practices, which contributed to this prestigious acknowledgment.

Speaking on the occasion, Sanjiv Kanwar, Managing Director, Yara South Asia, said, “We are thrilled to be recognized as a ‘Great Place to Work’. This certification is beneficial to us as it provides us with a globally recognized and research-backed verification of great employee experience. We at Yara have always aimed to create an inclusive, collaborative, and innovative workplace environment, nurturing talent, and supporting their ambitions in the industry. Our continuous growth efforts as an organization and as a part of this industry, align with our global commitment to responsibly nourish the world, while uplifting the local community towards a nature positive food future.”

Great Place to Work is the global authority on workplace culture. Their mission is to help every place become a great place to work for all. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace. Their recognition is the most coveted and respected in the world for elevating employer brands to attract the right people. Their proprietary methodology and platform enable organizations to truly capture, analyse, and understand the experience of all employees. Their Certification, Best Workplaces™ Lists, and global benchmarks have become the industry standard, built on data from employees in 150 countries around the world.

With this certification, Yara joins a league