8 Jun 2022 , 12:04 PM
As per the filing, the company has launched first phase of the backward integration for Pretilachlor Technical of 2000 TPA.
"This will be manufactured in our existing facility at Sandila Plant, which will further safeguard us from any supply chain challenge of the intermediate which is largely imported. We are planning to expand it further in the FY 2022-23. The primarily application for the chemical is as herbicide for rice plantation. We anticipate a good market potential for this product. The process to manufacture was developed through our indigenous R&D facility & project engineering teams", said company on Tuesday.
The Company further added, this is the 6th molecule launched by us and is part of our earlier announced medium-term strategy of launching 8 new molecules.
Commenting on the launch, Anand Swarup Agarwal, Chairman, “I am pleased to announce the launch of first phase of backward integration of Pretilachlor Technical for which I would like to thank our R&D team who have worked towards developing efficient manufacturing process and execution by our inhouse engineering team. Furthermore, the work for second phase is expected to commence during later part of the year.
This is also a testament to our R&D capabilities and our ability to consistently find chemicals which can substitute and limit our dependence on imports. This further enhances our competitiveness in the Indian Market. This is also one of many initiatives that aligns to companies’ vision of “Make in India” and support domestic growth.”
At around 12:02 PM, India Pesticides was trading at Rs234.05 apiece up by Rs1 or 0.43% from its previous closing of Rs233.05 apiece on the BSE.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
