India Pesticides Ltd announces capacity expansion of Intermediate PEDA for Pretilachlor Technical

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"), is pleased to announce the successful commissioning of the next phase of backward integration for the intermediate (PEDA) of Pretilachlor Technical. This milestone is a crucial step in expanding the company's manufacturing capabilities and improving overall production efficiency.

The Company has successfully increased its installed capacity of PEDA to 6,000 metric tonnes (MT) per annum, supported by continued investments in in-house Research and Development initiatives. This capacity expansion positions India Pesticides to better meet the growing demand for Pretilachlor Technical, both domestically and internationally.

Further, the Company intends to increase its PEDA capacity by 2,500 MT per annum, with the target to reach this new capacity by the end of Q2 FY26. Upon completion, the total PEDA capacity will reach approximately 8,500 MT per annum.

This expansion initiative is aligned with the Government of India's "Aatma Nirbhar Bharat" program, focusing on strengthening domestic manufacturing and reducing dependency on imports.

The company remains committed to sustainable growth, improving operational efficiency, and contributing to the development of India's economy through its expanded manufacturing capabilities.

Commenting on the performance, Mr. Anand S. Agarwal, Director, Founder & Promoter said: "We are delighted to announce the successful commissioning of our expanded intermediate PEDA facility, marking a key milestone in our growth strategy. This development not only enhances our manufacturing capabilities but also strengthens our ability to meet the increasing demand for Pretilachlor Technical. We are also excited about our plans to expand our capacity to 8,500 MT per annum by Q2 FY26, which aligns with our long-term vision and the Government of India's Aatma Nirbhar Bharat initiative. We are proud to contribute to the country's self-reliance and economic growth by enhancing our domestic production capabilities."

Shares of India Pesticides Ltd was last trading in BSE at Rs. 146.40 as compared to the previous close of Rs. 147.15. The total number of shares traded during the day was 10753 in over 174 trades.

The stock hit an intraday high of Rs. 150.05 and intraday low of 144.35. The net turnover during the day was Rs. 1570295.00.

Source : Equity Bulls

Keywords

IndiaPesticides Agrochemicals INE0D6701023 IntermediatePEDA PretilachlorTechnical CapacityExpansion