09 June 2023, New Delhi: Best Agrolife Limited (BAL) announced on Friday that it has received the registration for the indigenous manufacturing of the product Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc under section 9 (3) FIM. With this Best Agrolife Limited (BAL) will become the first Indian agrochemical company to manufacture Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc in India.
BAL informed that the Central Insecticides Board & Registration Committee (CIBRC) granted the crucial registration to one of its wholly-owned subsidiaries Seedlings India Pvt Ltd in the 447th meeting.
Mr Vimal Kumar, MD of Best Agrolife Ltd. said, “This registration was much awaited by our company. Over the years BAL has created a niche for itself in the industry of being a farmer-centric company. This will be our patented product and we are confident that just like our other specialized combination products including our patented novel combination Ronfen that drove the growth in FY23 this new introduction will also revolutionize the Indian agriculture sector and will further strengthen our position in the crop care segment”.
“BAL is all set to launch this product in July with the brand name Tricolor and it will be our patented product. The company has already launched Propaquizafop and Amytrn with the brand name Propique and Amito respectively in the first quarter of FY24. All these products will help us in maintaining the goal of 30% growth and 20% EBITDA margin in the current financial year. We will continue to increase the market share of these products every year to ensure higher benefits,” said Mr. Vimal Kumar.
A new approach and logical combination of Trifloxystrobin and Difenoconazole is a broad-spectrum fungicide with Prophylactic, curative and eradicative action. The sulphur acts as a catalyst and increases the efficacy of active ingredients by 3 times. This combination effectively controls several crop diseases like Sheath blight, Powdery Mildew, Scab, and Alternaria in Rice, Tomato, Grapes, Chilli, Wheat, Mango, and Apple. The company has conducted several demonstrations and trials for this combination in the fields and have got amazing results.
BAL reported robust annual results for the full financial year 2022-23. The company delivered revenue from the operations of Rs. 1,746 cr. which is a growth of 44% over FY22. The Board recommended a dividend of 30% (i.e. Rs. 3 per share), which is a 50 % jump over last year.
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