Rallis India Establishes 8,000 MT Water Soluble Fertiliser Plant in Maharashtra

In May, Rallis India Limited announced a significant development in the company. Rallis India, a Tata Group company, announced that they established an automated 8,000 Metric Ton Water Soluble Fertiliser (WSF) plant in Akola, Maharashtra.

Rallis India, a leading player in the Indian Agri inputs industry, stated that this strategic initiative highlights the company’s commitment to innovation, advancing sustainable agriculture practices and enhancing farm productivity. The company strives to become one of the top three players in the customised Water Soluble Fertiliser business in the country by FY 2028.

Commenting on the inauguration of the Water Soluble Fertiliser plant, Dr. Gyanendra Shukla, the Managing Director and CEO of Rallis India Limited, said, “Water-soluble fertiliser forms a crucial element within the ‘Integrated Plant Nutrient Management System’, a sustainable approach to comprehensive and balanced crop nutrition. This has also been confirmed through extensive research over several decades.”

He further added, “WSF products are tailored for both foliar and fertigation applications. These products will play a pivotal role in improving soil health, enhancing nutrient uptake and promoting balanced crop nutrition.”

Meanwhile, in FY 2024, Rallis India Limited reported a revenue of ₹2,648 crore, which is lower by 11% compared to the previous year. In the same period, the company’s Profit After Tax stood at ₹148 crore, compared to ₹92 crore in FY 2023.

The Managing Director and CEO of the company, stated that the company’s seeds revenue grew 21% and delivered break-even profit. It was driven by the superior performance of their Cotton hybrids viz. Diggaz and Aatish Express. However, the export business dropped by 35%. Speaking of the decline in the export business, the MD and CEO added that the market continues to be under pressure due to Geopolitical unrest and continuing de-stocking.

Regarding future developments, he stated that on a long-term basis, the company remains focused on improving its market position through superior product offerings to solve farmer requirements. To build differentiation, they will continue investing in marketing, manufacturing, and digitisation capabilities.

On May 6, 2024, the share price of Rallis India Ltd opened at ₹275.00, touching the day’s high at ₹277.25, as of 11:13 AM on the NSE.

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