NATCO forays into Pheromone based technology for Integrated Pest Management

Natco Pharma Limited (NSE: NATCOPHARM; BSE: 524816) has announced its foray into Pheromone based mating disruption technology for Integrated Pest Management (IPM) solution to farmers in India. NATCO through its Crop Health Science (CHS) division is working with ATGC Biotech Pvt Ltd (ATGC) for the technology. ATGC is a science based innovative technology company concentrating on developing new biosafe molecules and tools to protect diverse crops from insect pests, in collaboration with US based agricultural biotech company ISCA Inc.

During Kharif 2021, NATCO plans to launch its first Green Label Pheromone product for Effective Management of Pink Bollworm (PBW) in cotton crop, under its brand NATMATE PBW. This is the first pheromone-based indigenously manufactured product for mating disruption that received approval from Central Insecticide Board (CIB). With this launch, cotton farmers will have a new and powerful tool to manage PBW.

Pink Bollworm posed a major challenge in the past few years to cotton farmers across India. The damage to quality and yield of cotton due to PBW is significant and often severely affects the livelihood of small farmers. Now, NATMATE PBW will be a tool in the hands of farmers and seed producers in developing an Insect Resistance Management (IRM) plan and preserve benefits of Bt traits in cotton as well.

Shares of NATCO PHARMA LTD. was last trading in BSE at Rs.810 as compared to the previous close of Rs. 814.1. The total number of shares traded during the day was 4184 in over 280 trades.

The stock hit an intraday high of Rs. 818.3 and intraday low of 808.55. The net turnover during the day was Rs. 3397416.

Source : Equity Bulls

Keywords