India Pesticides: favourable agricultural conditions

 

  • India Pesticides: favourable agricultural conditions
  • Sole Indian manufacturer and global leading manufacturer of Thiocarbamate, 2 Fungicide & Herbicide Technical, in terms of production capacity  
  • Present installed capacity of Technical is 24,200 MT and for formulation is 6,500 MT as of 30.06.2024   
  • Major customers include MNCs that look to collaborate with active ingredient manufacturers in India  
  • Among top 5 manufacturers globally for several technical in Fungicides and Herbicides   
  • Broad international footprint, exporting to over ~25+ countries  
  • Employing a ‘China plus one strategy and reducing dependence on China  
  • Capex Plans
  • Planned capital expenditure of ₹110 crore for FY25 to further boost capacity  
  • Sandila + Hamirpur Budgeted Capex of Rs. ~110 Crore for FY25  
  • Successfully commissioned intermediate plant, a significant step towards the backward integration of one of key fungicides, which was previously imported
  • Expanding list of prospective customers by registering products in regulated markets
  • Efforts are on by R&D team to optimize the existing processes for overall cost reduction.    

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