Hot Pursuit     06-Mar-23
Best Agrolife board OKs Rs 200-cr capex proposal
Best Agrolife announced the board of the company have approved capex plan of Rs 200 crore towards brownfield expansion and brand building.
The company plans to utilize Rs 150 crore towards brownfield expansion in the technical manufacturing unit of Best Crop Science, a wholly owned subsidiary of the company and Rs 50 crore towards brand building and market footprints expansion.

Best Agrolife is engaged in the in the trading of agrochemical products such as insecticides, pesticides, herbicides, fungicides and plant nutrients. The company's crop protection chemical products are sold through distributors and co-marketing alliances with leading Indian companies throughout the country.

The company's consolidated net profit increased by 97.80% to Rs 30.62 crore in the quarter ended December 2022 as against Rs 15.48 crore during the previous quarter ended December 2021. Sales rose 40.97% to Rs 327.75 crore in Q3 FY23 over Q3 FY22.

The scrip declined 0.82% to currently trade at Rs 1,116.70 on the BSE.

Previous News
  Best Agrolife consolidated net profit rises 415.32% in the September 2022 quarter
 ( Results - Announcements 22-Oct-22   08:00 )
  Best Agrolife records Q2 PAT of Rs 130 cr; EBITDA margin at 26.1%
 ( Hot Pursuit - 22-Oct-22   09:18 )
  Best Agrolife to convene board meeting
 ( Corporate News - 16-May-24   18:46 )
  Best Agrolife to announce Quarterly Result
 ( Corporate News - 25-Jul-23   12:13 )
  Seedlings India receives Indian patent for a herbicide for paddy
 ( Corporate News - 30-Oct-23   12:06 )
  Best Agrolife consolidated net profit rises 97.80% in the December 2022 quarter
 ( Results - Announcements 25-Jan-23   17:56 )
  Best Agrolife rises after receiving 20-year patent for herbicidal invention
 ( Hot Pursuit - 30-Oct-23   11:31 )
  Best Agrolife to discuss results
 ( Corporate News - 06-Nov-20   17:37 )
  Best Agrolife director resigns
 ( Corporate News - 10-Feb-21   12:48 )
  Best Agrolife to hold board meeting
 ( Corporate News - 17-Oct-22   10:18 )
  Best Agrolife standalone net profit rises 87.78% in the September 2022 quarter
 ( Results - Announcements 22-Oct-22   08:02 )
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