Best Agrolife Launches Two New Crop Protection Products
By Rediff Money Desk, New Delhi Nov 08, 2024 14:54
Best Agrolife receives approval for two new crop protection products, 'Shot Down' and 'Bestman', expanding its portfolio of patented agricultural solutions.
New Delhi, Nov 8 (PTI) Agrochemical manufacturer Best Agrolife on Friday said it has received regulatory approval for two new crop protection products, expanding its portfolio of patented agricultural solutions.
The company plans to launch "Shot Down," a patented herbicide, and "Bestman," an advanced insecticide pending patent approval, in the fourth quarter of fiscal 2024-25.
Shot Down, a microemulsion combining Haloxyfop-R-methyl and Imazethapyr, targets weed control in groundnut and soybean crops, the company said in a statement.
The company expects first-year revenue of Rs 70 crore from the product, potentially growing to Rs 300 crore in coming years. The product addresses a market segment valued at approximately Rs 2,000 crore.
Bestman, scheduled for early 2025 release, is a suspension concentrate blending Fipronil, Abamectin and Tolfenpyrad, designed to combat multiple pests affecting chilli crops.
The company projects similar first-year revenue of Rs 70 crore, targeting a Rs 3,000-crore market segment for pest management in chilli, cotton and vegetable crops.
These launches follow the introduction of three other patented products -- Nemagen, Defender and Warden Extra -- in the first half of the current fiscal year.
The company plans to launch "Shot Down," a patented herbicide, and "Bestman," an advanced insecticide pending patent approval, in the fourth quarter of fiscal 2024-25.
Shot Down, a microemulsion combining Haloxyfop-R-methyl and Imazethapyr, targets weed control in groundnut and soybean crops, the company said in a statement.
The company expects first-year revenue of Rs 70 crore from the product, potentially growing to Rs 300 crore in coming years. The product addresses a market segment valued at approximately Rs 2,000 crore.
Bestman, scheduled for early 2025 release, is a suspension concentrate blending Fipronil, Abamectin and Tolfenpyrad, designed to combat multiple pests affecting chilli crops.
The company projects similar first-year revenue of Rs 70 crore, targeting a Rs 3,000-crore market segment for pest management in chilli, cotton and vegetable crops.
These launches follow the introduction of three other patented products -- Nemagen, Defender and Warden Extra -- in the first half of the current fiscal year.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 6.67 ( -3.61)
- 72559040
- Srestha Finvest
- 0.63 (+ 1.61)
- 31651775
- Suzlon Energy Ltd.
- 65.15 ( -0.47)
- 15879230
- AvanceTechnologies
- 0.93 ( -2.11)
- 12473834
- Thinkink Picturez
- 2.44 ( -20.00)
- 12405311
MORE NEWS
Afcons Infrastructure Q2 Profit Rises 30% to Rs...
Afcons Infrastructure Ltd reported a 30% increase in net profit to Rs 135.43 crore for...
Alembic Gets 5 USFDA Observations for Gujarat...
Alembic Pharmaceuticals received five observations from the USFDA after an inspection...
Sebi Bans 2 Individuals in Jagsonpal Pharma...
Sebi has barred two individuals from the securities markets for one year and imposed a...