Jubilant Ingrevia Ltd commissions Multipurpose Agro Active & Intermediate Plant, through subsidiary

Jubilant Ingrevia Limited today announced the commissioning of its state-of-the-art, multipurpose, agro active & intermediate plant to produce value-added products at its manufacturing facility at Bharuch, Gujarat.

The plant, established by the Company's wholly-owned subsidiary, Jubilant Agro Sciences Limited, is geared towards meeting the rising future global demand for agro actives & intermediates. This plant will be utilised for both its CMO customers and own actives.

Jubilant Ingrevia has been synthesising several agro intermediates at its manufacturing facility at Bharuch, Gujarat, and this new plant will further expand its presence in agrochemicals. This plant will primarily cater to insecticides intermediates and actives, fungicides actives, based on company's core pyridine and non-pyridine value chains.

Speaking on the occasion, Mr. Deepak Jain, CEO & Managing Director, Jubilant Ingrevia Limited said, "We are delighted to commission our new multipurpose agro actives & intermediates plant, marking a significant advancement in our core strategy to amplify the impact of value-added agrochemicals in our business. By leveraging our expertise in providing solutions to our worldwide customers through multi-step chemistries, we have emerged as a partner of choice for global agrochemical customers, including innovators. The commissioning of this cuttingedge facility is a testament to our dedication towards expanding our business into more valueadded agro actives & intermediates. This plant adds further capacity to our agrochemicals business, on top of the intermediates plant we commissioned recently in Dec'23."

As a global leader in multiple product platforms, the Company has developed several costcompetitive, value-added products through its strong backward integration, utilising captive raw materials. This new plant can further synthesise a variety of agro actives & intermediates for both domestic and international customers.

Jubilant Ingrevia remains committed to ESG principles. The commissioning of this multipurpose, agro actives & intermediates facility will enable its strategic partners and key customers to reduce their carbon footprint.

Shares of Jubilant Ingrevia Limited was last trading in BSE at Rs. 477.30 as compared to the previous close of Rs. 475.85. The total number of shares traded during the day was 10697 in over 665 trades.

The stock hit an intraday high of Rs. 486.70 and intraday low of 475.35. The net turnover during the day was Rs. 5157292.00.

Source : Equity Bulls

Keywords

JubilantIngrevia INE0BY001018 SpecialtyChemicals Commissioning Agro Active Intermediate Bharuch Gujarat