Business EconomyPosted at: May 24 2024 6:23PM


Coromandel International introduces 10 new products for enhancing crop yield

Hyderabad, May 24 (UNI) Coromandel International Limited, a part of the INR 742 billion (INR 74,220 Crores) of the Murugappa Group, India's leading agri-solutions provider, on Friday announced it has introduced 10 new products aimed at enhancing crop yield, controlling pest infestations, and fostering sustainable agricultural practices across the country.
The new products include three patented products, an innovative neem coated bio plant and soil health promoter and five generic formulations providing high-impact comprehensive crop protection solutions for the Indian farmer, the company said in a release.
Partnered with ISK Japan, the company launched ‘Prachand’, a patented product, which utilises advanced Japanese technology to safeguard paddy crops from destructive pests such as stem borers and leaf folders, mitigating potential yield losses of up to 70 percent to the farmer.
Another highly destructive pest that devastates corn crops (up to 30% damage every year) is the fall armyworm.
The company has developed a very unique formulation to effectively combat this menace for the corn farmer.
Two novel patented fungicides have been launched to improve crop health and yields -- For long lasting control of a widely occurring disease (fungal attack called sheath blight) in rice; and, An innovative fungicide solution that offers both contact (Surface) and systemic action (absorbed by crop for long lasting control) for comprehensive disease control in potato, grapes, and tomato crops.
The company has also launched five new generics, which includes 3 herbicides.
With these introductions, Coromandel's solution portfolio provides comprehensive crop protection solutions for various agricultural needs of the Indian farmer who is facing significant challenges controlling pest attacks.
In the last few years, the business has been strengthening its product portfolio by introducing new formulations and its share of sales from new products in FY23-24 stood at 15 per cent.
The new product introductions during the year would further enrich the product offerings from the company.
Dr. Raghuram Devarakonda, Executive Director, CPC, Bio Products & Retail, said "This marks the first time that Coromandel International has introduced 10 new products in a single year, with one product, Prachand developed through Japanese collaboration and four from in-house research”.
Backed by its extensive range of Natural Crop Essentials (Biologicals), Coromandel is adopting an integrated crop management approach, offering farmers holistic solutions from seed to harvest for key crops including cotton, rice, chilli, soybeans, pulses, and vegetables. Coromandel remains at the forefront of agricultural innovation and has introduced drone based spraying and crop diagnostics services to assist farmers in optimising crop management practices through precision farming techniques, he added.
The company operates a network of around 750+ rural retail outlets across Andhra Pradesh, Telangana and Karnataka. Through these Retail outlets, the Company offers farming services including crop advisory, soil testing and farm mechanization to around 3 million farmers.
The Company has 18 manufacturing facilities, producing a wide range of Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and its own retail centers.
UNI KNR CS1823
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