Mahadhan Agritech Limited (MAL), a subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), has partnered an Israel firm to promote high-performing specialty fertilisers in India and other countries.
The tie up between Mahadhan Agritech, formerly known as Smartchem Technologies Limited (STL), and specialty plant nutrients supplier Haifa Group aims to improve crop quality and productivity, Deepak Fertilisers said on April 19.
MAL-Haifa collaboration will support farm practices that combat water scarcity and enhance nutrient uptake, Deepak Fertilisers chairman and managing director Sailesh Mehta said.
More than 6 million hectares of agricultural land in India is supported by drip irrigation, facilitating a broad spectrum of crops, including fruits, vegetables, sugarcane. This infrastructure serves as a robust platform for deploying specialty water soluble fertilisers, Mehta said.
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The initiative aligns with Prime Minister Narendra Modi’s goal of doubling farm incomes and also reduce groundwater and air pollution.
The collaboration would bring positive change to the farm sector and also empower farmers by leveraging global expertise and resources to address evolving needs and preferences.
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Motti Levin, CEO of Haifa Group, said the aim was to synergise global expertise with MAL's on-ground proficiency to enhance Indian agriculture through latest technology.
Levin outlined plans to extend Mahadhan’s practices to other developing regions to improve yields and produce quality.
At 1.31 pm, Deepak Fertilisers was trading at Rs 550.15 on the National Stock Exchange, up 0.56 percent from the previous close.
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