Nagarjuna Agrichem touches roof on launching R&D Center in Andhra Pradesh

Nagarjuna Agrichem is currently locked at upper circuit of Rs. 63.10, up by 3.00 points or 4.99% from its previous closing of Rs. 60.10 on the BSE.

The scrip opened at Rs. 63.10 and has touched a high and low of Rs. 63.10 and Rs. 62.80 respectively. So far 3,975 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 125.80 on 04-Jul-2011 and a 52 week low of Rs. 50.25 on 09-Apr-2012.

Last one week high and low of the scrip stood at Rs. 63.10 and Rs. 54.65 respectively. The current market cap of the company is Rs. 94.01 crore.

The promoters holding in the company stood at 78.29% while Institutions and Non-Institutions held 0.64% and 21.06% respectively.

Nagarjuna Agrichem (NACL), one of India’s leading crop protection companies and an integral part of the Rs 20,000 crores Nagarjuna Group, has launched its latest state of the art R&D Centre at Shadnagar, Hyderabad in Andhra Pradesh. This facility which is intended to further assist the company in leveraging the substantial opportunities in the crop protection business was formally inaugurated by Chairman of Nagarjuna Group. A part of the R&D centre will be used for setting up GLP (Good Laboratory Practices) Lab facilities.

The state-of-the-art corporate R&D centre and GLP Lab at Shadnagar has four laboratories and will have world - class equipment such as Nuclear Magnetic Resonance Spectrometer, Gas Chromatograph - Mass Spectrometer (GC-MS), Liquid Chromatograph - Mass spectrometer (LC-MS), etc.

The main objectives of the R&D centre are to develop cost effective processes for the manufacture of Active Ingredients (AI) and the Intermediates for Herbicides, Insecticides and Fungicides and to develop new formulations of pesticides. A portion of the R&D Centre will be carved out as an OECD accredited GLP Lab.

The Centre consists of 25 scientists and chemists. The R&D Centre will actively carry out the relevant research to identify cost efficient processes of the various existing generic molecules and also on some of the products that are coming out of patent in next few years. Research will also be conducted on formulations. The GLP Lab will test for physical and chemical properties of any pesticide, and is largely meant for captive use.

Nagarjuna Agrichem manufactures a comprehensive range of pesticide technicals, formulations and custom manufactured fine chemicals. Nagarjuna Agrichem's product profile includes those tested and certified by best GLP Certified Independent laboratories in Europe & USA. All the products conform to national and international specifications.