Best Agrolife Ltd Becomes First Indian Company to Manufacture Tricolor Agrochemical Blend

Best Agrolife Limited (BAL), announced on Friday that it has obtained registration for indigenous manufacturing of the product Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc under section 9(3) FIM. This achievement makes BAL the first Indian agrochemical company to produce Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc within India.

The registration was granted to one of BAL's wholly-owned subsidiaries, Seedlings India Pvt Ltd, during the 447th meeting of the Central Insecticides Board & Registration Committee (CIBRC).

"We have eagerly awaited this registration for our company, as BAL has established itself as a farmer-centric company in the industry over the years. This new product will be patented, joining our range of specialized combination products, including our novel combination Ronfen, which drove growth in FY23. We are confident that this introduction will revolutionize the Indian agriculture sector and further enhance our position in the crop care segment," expressed Vimal Kumar, Managing Director of Best Agrolife Ltd.

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Vimal Kumar, spokesperson for BAL, announced that the company is preparing to introduce a new product called Tricolor in July. This product will be patented and marks a significant milestone for the company. BAL has already successfully launched Propaquizafop and Amytrn under the brand names Propique and Amito, respectively, during the first quarter of FY24. These products are instrumental in achieving the company's targets of 30% growth and a 20% EBITDA margin for the current financial year. BAL aims to consistently expand the market share of these products annually, ensuring greater benefits for the company.

BAL announces impressive financial results for the fiscal year 2022-23, with a substantial growth of 44% in operational revenue, amounting to Rs. 1,746 crore. The Board has proposed a dividend of 30% per share, representing a significant 50% increase compared to the previous year.

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About Best Agrolife Limited 

Best Agrolife Limited has secured its position among the top 15 agrochemical companies in India. This research-oriented company is dedicated to providing high-quality and cost-effective crop solutions in the form of innovative agrochemical formulations. Its primary goal is to enhance crop productivity in the agricultural sector.

Presently, BAL operates three manufacturing plants located in Gajraula, Greater Noida, and Jammu & Kashmir, with a combined production capacity of 7,000 metric tons per annum (MTPA) for technicals and 30,000 MTPA for formulations. With over 5200 distributors across India, BAL boasts an impressive portfolio of more than 400 formulations and holds over 100 technical manufacturing licenses.

- BusinessStandard 

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