India Pesticides Limited has informed the Exchange about establishment of new project at Sandila plant.
IPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Pesticides Limited is setting up a new project at its Sandila plant in Hardoi, Uttar Pradesh, to manufacture 4,000 metric tonnes of 26 DEA annually, a key starting material used in herbicides such as Pretilachlor and Butachlor. The project will cost approximately Rs. 65 crore and is targeted for completion by September 2026. The entire investment will be funded through internal accruals, with no debt or equity dilution involved. The board gave in-principle approval for the project on 23 July 2025. The company says the project will strengthen backward integration for its herbicide business and supports the 'Make in India' initiative.
Positive for shareholders: the move improves self-sufficiency in a key raw material, which should support margins and supply security for the herbicide segment. Using internal accruals keeps the balance sheet debt-free, but Rs. 65 crore is a sizable capital outlay that will be closely watched for execution and return on investment by September 2026.