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Insecticides India to invest Rs 125 crore for capacity expansion

10 Apr 2012 Evaluate

In a bid to expand its production capacity, Insecticides India is planning to invest Rs 125 crore in the next two years. Moreover, the company is expecting about 50 percent increase in turnover to Rs 850 crore this fiscal on the back of robust demand and ongoing expansions.

The company has already invested Rs 100 crore during the last two years and it will invest the similar amount in the next two years mainly to increase capacity in Gujarat and Jammu plant. Out of the total investment, Rs 25 crore will be invested to set up a new plant and R&D centre in Rajasthan.

Presently, the company’s Jammu plant has a capacity to produce 61 lakh kg of granules per annum. Its manufacturing facility at Chopanki in Rajasthan has a production capacity of 38 lakh kg of bulk chemicals per annum.

Insecticides (India) is India’s leading agro-chemical and pesticides manufacturer. It has entered into technical collaboration with global giants AMVAC, USA for THIMET, which is country’s most popular generic pesticide. It manufactures insecticides formulations for crop protection. It has two formulations manufacturing units: one each in Chopanki, Rajasthan and Samba, Jammu.

Insecticides India Share Price

712.50 -9.00 (-1.25%)
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