Stock Report

Best Agrolife Ltd's subsidiary receives patent

Posted On : 2023-02-21 14:56:31( TIMEZONE : IST )

Best Agrolife Ltd's subsidiary receives patent

Seedlings India Private Limited, a wholly owned subsidiary of Best Agrolife Ltd has received a patent for an invention entitled SYNERGISTIC HERBICIDAL COMPOSITION OF TRIAZINE AND SULFONYLUREA HERBICIDES WITH PHENOXYACETIC HERBICIDE for the term of 20 years.

The new patent is a combination of Ametryn+2, and 4D+Halosulfuron methyl used for the con trol of weeds in sugarcane as pre, early post, and post-emergent herbicide.

"Sugarcane is the most significant crop for Indian agriculture and the economy. Our nation is the world's largest producer and consumer of sugar as well as the world's 2nd largest exporter of sugar. Unfortunately, in absence of efficient and safer herbicides, the country suffers a total cane yield loss of around 25 million tonnes per annum (equivalent to 2.5 million tonnes of sugar) valued at around INR 1500 crores. Hence there is an urgent market demand for more sustainable herbicides that can control even the worst weeds at all stages" said Vimal Alawadhi, the Managing Director of Best Agrolife Ltd (BAL).

Shares of Best Agrolife Limited was last trading in BSE at Rs. 1094.55 as compared to the previous close of Rs. 1100.00. The total number of shares traded during the day was 7189 in over 861 trades.

The stock hit an intraday high of Rs. 1120.00 and intraday low of 1082.60. The net turnover during the day was Rs. 7937588.00.

Source : Equity Bulls


BestAgrolife INE052T01013 Agrochemicals SeedlingsIndia Patent Herbicide