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Dhanuka Agritech commences trial production at Dahej unit, expects lower input costs from plantqrcode

Aug. 10, 2023

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Aug. 10, 2023

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Leading agrochemicals company Dhanuka Agritech Ltd. on Wednesday announced the commencement of trial production at its new plant in Dahej, Gujarat, from August 8, 2023.

Dhanuka Agritech’s Dahej plant is a technical manufacturing plant that will provide raw material security and the benefit of backward integration in the form of lower raw material costs. The company has spent more than Rs 300 crore over a period of two years to set up the unit, Dhanuka Agritech said in filing to the stock exchanges.

In its research report dated August 2, brokerage firm Prabhudas Lilladher said that it expected nearly Rs 50 crore of revenue contribution from the technical plant at Dahej in 2023-24, with an initial operating loss due to lower utilisation.

The brokerage said that it hasn’t factored in the commencement of the trial production at the Dahej plant in its estimates, as the impact would be ‘insignificant’ during financial year 2024.

Dhanuka Agritech in June had decided to hold on to its guidance for the fiscal year 2024 on the back of delayed monsoons. Instead of making premature adjustments, the company said it would closely monitor the progress of the monsoon before revising its projections.

Dhanuka Agritech had also said that declining prices of agrochemicals would have an impact on the company’s margins as the delayed onset of monsoons led to delayed sowing and increased agrochemical inventories.

[ Survey ]

How much inventory do you still have?

 Soaring or falling prices of bulk agri-inputs in the short term is not conducive to ensuring the stability of agricultural production, AgroPages hopes to use our media features to help the industry correct prices and keep them as reasonable as possible.
 
"Inventory" is undoubtedly one of the key factors affecting the market trend price fluctuations this year, and the speed of inventory reduction will also affect the market trend in the second half of the year and maybe next year, so we launched this "inventory survey" with the intention of assisting the industry to make a clearer situation judgment in the critical period of this 2 months. Readers who participate in this survey and carefully answer all questions, we will send you the final research results (without company or personal information).
  1. 1. Please let us know your position in the agrochemical industry
    • Manufacturer
    • Trading company
    • Wholesaler
    • Distributor
    • E-commerce
    • Retailer
    • Farmer
    • Other (Please specify)

  2. 2. What is your main product category?
    • Herbicide
    • Fungicide
    • Insecticide
    • Fertilizer
    • Biosolution
    • Other (Please specify)

  3. 3. Could you introduce your inventory rate?
    • Inventory has been emptied
    • 10%
    • 20%
    • 40%
    • 100%
    • 140%
    • Other(please specify)

  4. 4. What was the safety inventory ratio for the same period in previous years?
  5. 5. What products do you have in large stock?
    • Glyphosate
    • Diquat
    • Imidacloprid
    • Abamectin
    • Chlorothalonil
    • Azoxystrobin
    • Other(please specify)

  6. 6. Which products will you prioritize in initiating procurement? Approximately when it will happen?
  7. 7. Is there currently a shortage of supply for any products? Please list product names.
  8. 8. Please submit the contact informaiton
    Your Name:
    Email:
    Company:
    Tel:
    Mobile:
Source: cnbctv18

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