BAL is all set to launch Tricolor in July 2024

Best?Agrolife?Limited (BAL), one of the major players?in the Indian agrochemical industry, announced on Friday that it has received the registration for the indigenous manufacturing of the product?Trifloxystrobin?10% + Difenoconazole 12.5% + Sulphur 3% Sc under section 9 (3) FIM. With this Best?Agrolife?Limited (BAL) will become the first Indian agrochemical company to manufacture?Trifloxystrobin?10% + Difenoconazole 12.5% + Sulphur 3% Sc in India.??

BAL informed that the Central Insecticides Board & Registration Committee (CIBRC) granted the crucial registration to one of its?wholly-owned?subsidiaries Seedlings India Pvt Ltd in the 447th meeting.??

“This registration was much awaited by our company. Over the years BAL has created a niche for itself in the industry of being a farmer-centric company. This will be our patented?product and we are confident that just like our other specialized combination products including our patented novel combination?Ronfen?that drove the growth in FY23 this new introduction will also revolutionize the Indian agriculture sector and will further strengthen our position in the crop care segment,” said?Mr?Vimal?Kumar,MD, Best?Agrolife?Ltd.?

"BAL is all set to launch this product in July with the brand name Tricolor and it will be our patented product. The company has already launched?Propaquizafop?and?Amytrn?with the brand name?Propique?and Amito respectively in the first quarter of FY24. All these products will help us in?maintaining?the goal of 30% growth and 20%? EBITDA?margin in the current?financial year. We will continue to increase the market share of these products every year to ensure higher?benefits,"said?Mr?Vimal Kumar?

A new approach?and logical combination of?Trifloxystrobin?and Difenoconazole is a broad-spectrum fungicide with Prophylactic, curative and eradicative action. Sulphur acts as a catalyst and increases the efficacy of active ingredients by 3 times. This combination effectively controls several crop diseases like Sheath blight, Powdery Mildew, Scab, and Alternaria in Rice, Tomato, Grapes,?Chilli, Wheat, Mango, and Apple. The company has conducted several demonstrations and trials for this combination in the fields and?have got?amazing results.??

It is noteworthy that BAL?reported robust annual results for the full?financial year?2022-23. The company delivered strong revenue from the operations of?Rs. 1,746 cr. which is a robust growth of 44% over FY22. The Board recommended a dividend of 30% (i.e.?Rs.3 per share), which is?50?% jump over last year.?

About BAL

Best?Agrolife?Limited is listed among the top 15 agrochemical companies in India. It is a research-based company focused on bringing world-class and cost-effective crop solutions in the form of novel agrochemical formulations to the agricultural industry to improve crop productivity. Currently, BAL has 7,000 MTPA and 30,000 MTPA?technicals?and formulation manufacturing capacity, respectively, through three of its manufacturing plants in?Gajraula, Greater Noida, and?Jammu & Kashmir. BAL currently has more than 5200 distributors in India. It?retains?an impressive portfolio of 400+ formulations and more than 100+ technical manufacturing licenses.?