Dhanuka Agritech’s board has approved the setting up of a plant for technical manufacturing of Pesticides, i.e., backward integration process, at Dahej, Gujarat. The company has a plot of approximately 1,37,000 square meters at Dahej, Gujarat which was acquired in 2013.
The setting up of this unit will involve an investment outlay of approximately Rs 200 crore initially, which will be managed from internal accruals of the company. The setting up of the said unit will improve the company's position with other players for procuring the raw materials under the barter system. It will help the company to expand its market share and to open new avenues for the export of the company's products.
The company may explore in future for exports of intermediates to Japanese, American & European companies as per mutual agreement. The complete project plan for setting up this unit should be finalized within the next 6 months. The board of directors of the company in its meeting held on February 2, 2021 has discussed and approved the same.
Dhanuka Agritech is one of India’s leading agro-chemical Company. It has solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops and others.
