Jubilant Ingrevia Ltd Commissions Mutipurpose Agro Intermediate Plant for Value Added Derivatives

Jubilant Ingrevia Limited today announced the commissioning of its state-of-the-art multipurpose agro intermediate plant to produce value-added derivatives at its manufacturing facility at Bharuch, Gujarat. The plant aims to cater to the growing demand of agro intermediates across the globe.

Speaking on the occasion, Mr. Deepak Jain, CEO & Managing Director, Jubilant Ingrevia Limited said, "We are delighted with the commissioning of our new multipurpose agro intermediate plant. This aligns with our key strategy to shift structurally towards value-added agrochemicals business. Our deep expertise in offering solutions to our global customers using multistep chemistries has led us to become a partner of choice for our global agrochemical customers, including innovators. The inauguration of this state-of-the-art facility demonstrates our commitment to expand our business towards more value-added agro intermediates."

This plant can synthesise a variety of agro intermediates for the global supply of several agro actives. The Company has developed cost-competitive value added products by using captive raw materials based on its completely backward integrated Pyridine capability, where it holds global leadership position.

Jubilant Ingrevia Limited continues to remain committed towardsthe introduction of key agro intermediates with a focus on ESG aspects, helping its strategic partners to address their journey towards carbon footprint reduction.

The Company is already synthesising several agro intermediates in its facility at Bharuch, Gujarat and this new plant will help in expanding its presence further in the agrochemicals space.

Shares of Jubilant Ingrevia Limited was last trading in BSE at Rs. 507.45 as compared to the previous close of Rs. 507.70. The total number of shares traded during the day was 11808 in over 915 trades.

The stock hit an intraday high of Rs. 513.05 and intraday low of 497.00. The net turnover during the day was Rs. 5977996.00.

Source : Equity Bulls

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