India Pesticides launches Herbicide Technical Product

India Pesticides Limited (BSE: 543311; NSE: IPL), one of the fastest growing agro-chemical companies in terms of volume of technical manufacturing ("IPL" or the Company"), announces launch of the Herbicide Technical Product on January 16th, 2023.

We have lunched one more selective systemic herbicide for controlling grass and certain broad-leaves weeds in the pre or early post-emergence stages. This herbicide is primarily used in crops such as maize, soybeans, tomatoes, potatoes, sunflowers, wheat, and rice.

The product will be manufactured at our state-of-the-art Sandila Plant facility and is exclusively for export markets. We believe there is strong demand for this product in international markets and are confident it will be well received by our customers. The development of the manufacturing process was led by our dedicated in-house R&D and project engineering teams.

This launch is the 7th in a series of 8 new molecules as part of our previously announced medium-term strategy, with the eighth to be launched soon.

Commenting on the development, Mr. Anand Swarup Agarwal, Chairman: "I am delighted to announce the launch of our latest herbicide technical, which has been developed by our dedicated R&D team. Their tireless efforts have resulted in the creation of an efficient manufacturing process and successful execution by our in-house engineering team. This new product will be exclusively exported by our company.

This launch is a testament to our company's R&D capabilities and our ability to consistently increase revenue through exports. It further strengthens our position in the Indian market as well as on the global stage. It is also in line with our country's vision of "Make in India, Make for the World."

Shares of India Pesticides Ltd was last trading in BSE at Rs. 242.80 as compared to the previous close of Rs. 241.05. The total number of shares traded during the day was 6328 in over 436 trades.

The stock hit an intraday high of Rs. 244.90 and intraday low of 242.20. The net turnover during the day was Rs. 1538836.00.

Source : Equity Bulls

Keywords

IndiaPesticides Agrochemicals INE0D6701023 ProductLaunch HerbicideTechnicalProduct