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HomePosts Tagged "Vice Chairman & Managing Director"
Agbiologicals, Agribiotechnology, Agribusiness, Agrotech, Collaborations, Company News, India

Under this partnership, C-CAMP has successfully transferred two breakthrough biocontrol technologies to PI on an exclusive basis.

PI Industries Ltd. (PI), a leading player in Agri Sciences, has entered into a strategic partnership with the Centre for Cellular and Molecular Platforms (C-CAMP), an initiative of the Department of Biotechnology, Ministry of Science and Technology, Government of India. This collaboration marks a significant milestone in advancing sustainable and nature-driven solutions for agricultural challenges, positioning India at the forefront of global agri-tech innovation.

Under this partnership, C-CAMP has successfully transferred two breakthrough biocontrol technologies to PI on an exclusive basis. These cutting-edge solutions, AphidControl and XanthoControl, are set to revolutionise pest and disease management in agriculture by providing environmentally friendly alternatives to traditional chemical pesticides.

• AphidControl is a botanical insecticide designed to combat aphids; a major pest responsible for yield losses of up to 60 per cent across various crops. This innovation can potentially benefit over 25 million farmers.

• XanthoControl is a biocontrol agent targeting Xanthomonas species, a pathogen responsible for significant crop diseases leading to yield losses of up to 80 per cent. This technology has the potential to support over 45 million farmers fighting this menace.

Strategic Synergy & Global Expansion

This partnership is a significant step in PI’s broader strategy to expand its presence in the biological sector. The company has consistently grown its portfolio, with biological products registering 45 per cent revenue growth over the last two years. Adding C-CAMP’s innovations complements PI’s previous investments in biological solutions and other partnerships, further strengthening its integrated approach to sustainable agriculture.

PI aims to commercialise these innovative bio-solutions across key global markets, leveraging its robust R&D capabilities and international distribution network. By combining C-CAMP’s scientific expertise with PI’s market reach, this collaboration is poised to make a transformative impact on the future of agriculture.

Mayank Singhal, Vice Chairman & Managing Director, PI Industries Ltd., said, “As the world confronts the dual challenges of climate change and food security, biological solutions have transitioned from being an option to a necessity. Through our collaboration with C-CAMP, we are leveraging cutting-edge science to develop sustainable, nature-driven solutions that not only mitigate immediate agricultural threats but also pave the way for a more resilient and eco-friendly farming ecosystem. This partnership reinforces our commitment to innovation and sustainability while taking India’s scientific prowess to the global stage.”

Under this partnership, C-CAMP has successfully transferred

Agribusiness, Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Finance, India

Company’s EBITDA Q1 grows 64.5 per cent Y-O-Y to Rs. 71.72 Crore

Dhanuka Agritech, one of the leading agrochemicals companies in India reported financial results for the first quarter of 2024-25 financial year. Gurugram-headquartered firm clocked Rs. 48.90 crore profit during April-June quarter of FY’25, up 48.5 per cent from the same quarter of the previous fiscal year. Total income grew 33.27 per cent to Rs. 500.71 Crore in the first quarter of this fiscal from Rs. 375.72 Crore in the corresponding period of FY’24.

Commenting on the Q1 performance, Mahendra Kumar Dhanuka, Vice Chairman & Managing Director said, “The year has started on a positive note, and we have witnessed decent demand for all our product categories during the first quarter. The timely arrival of the monsoon and dwindling inventory levels have contributed to increased orders from the distribution network, setting a positive trajectory for the company.”

“I am happy to inform you that the sowing season is in full swing in July and the sowing acreages for major crops are expected to be higher in the ongoing season, particularly in the wake of the prediction of a normal monsoon. The management is confident of delivering healthy growth in the second quarter and improving the EBITDA margins,” added Dhanuka.

Dhanuka Agritech is also dedicated to introducing new technologies to the agriculture sector. The company conducts training programs nationwide to demonstrate these technologies and educate farmers on the proper use of agrochemicals. Notably, in India, the consumption of agrochemicals per acre remains significantly lower than the global average.

Company’s EBITDA Q1 grows 64.5 per cent