The agreement aims to combine SDP's Research, development capabilities and proprietary knowledge with Godrej Agrovet Limited's strong presence and expertise in the Indian Oil Palm Plantation (OPP) Sector.

SDP will supply high-quality oil palm seeds to Godrej Agrovet's oil palm business units and later set up a state-of the-art seed production unit in India.

By combining the strengths with SDP's expertise in seed supply and research, Godrej Agrovet aims to revolutionize the Indian Oil Palm Plantation landscape, provide farmers with high-quality planting materials, and help meet the country's growing demand for edible oils.

Godrej Agrovet is an agri-business company in India that focuses on research and development to improve the productivity of Indian farmers. It offers a range of products and services to increase crop and livestock yields sustainably. The company is a leader in various sectors, including animal feed, crop protection, oil palm, dairy, poultry, and processed foods.

The company's consolidated net profit rose 27.34% to Rs 105.32 crore on 0.01% increase in net sales to Rs 2499.31 crore in Q1 June 2023 over Q1 June 2022.

The scrip rose 0.62% to currently trade at Rs 477.05 on the BSE.