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In an interview to CNBC-TV18, MK Dhanuka, MD of Dhanuka Agritech spoke about the latest happenings in his company and sector.
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Fertiliser stocks are in focus as the Met department upgrades monsoon forecast to 98 percent from 96 percent. In an interview to CNBC-TV18, MK Dhanuka, MD of Dhanuka Agritech spoke about the latest happenings in his company and sector.
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To maintain the margins, the company would also pass on the price increases of raw materials on to the customers, said MK Dhanuka, MD, Dhanuka Agritech.
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It will be a tender buyback with promoter participation and the company plans to fund it by monetising its investments, said MK Dhanuka, MD, Dhanuka Agritech.
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As people are settling in with government's decision to ban Rs 500 and Rs 1000 notes, Vijayaraghavan G, Analyst - Agri-inputs, Midcaps, IDFC Securities, says government is taking initiatives to normalise the situation.
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A strong monsoon, as has been forecast, will help Dhanuka Agritech increase its revenue growth by about 20 percent, its managing director MK Dhanuka said.
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The company gets approval from J&K State Pollution Control Board to handle the hazardous waste for pesticide formulation, doubled to 11,800 million tonne per annum (MTpa), says MK Dhanuka, Managing Director of Dhanuka Agritech.
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The company, which manufactures a range of agro-chemicals like herbicides, insecticides, fungicides, miticides, plant growth regulators among others, has received the license to start manufacturing at its newly set-up Keshwana plant in Rajasthan.
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In an interview with CNBC-TV18, MK Dhanuka, MD of Dhanuka Agritech says rural economy will perform reasonably despite deficient monsoon and drop in food production this year.
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In an interview with CNBC-TV18, RG Agarwal, Chairman of Dhanuka Agritech said to meet future food demands, more land needs to be covered under irrigation.
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Speaking to CNBC-TV18, R G Agarwal, Chairman of Dhanuka Agritech said the blended market share for/of the company is likely to grow with an expected consolidation of crop protection industry as farmers are increasing the agro chemicals consumption.
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MK Dhanuka, MD, Dhanuka Agritech says equitable distribution of monsoon will minimise damage of Kharif crop this year.
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MK Dhanuka, Managing Director, Dhanuka Agritech says untimely rains will have no impact on the business of the company. He hopes to achieve 7-8 percent topline growth this fiscal.
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MK Dhanuka, MD, Dhanuka Agritech said that the company‘s new facility in Keshwana, Rajasthan expected to start in March 2015.
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The company as of now is debt-free except working capital requirements funded by banks, said MK Dhanuka, MD of Dhanuka Agritech.
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According to MK Dhanuka, monsoon is the biggest challenge for the agro-industry and if it will be normal then the company will have minimum 25 percent growth in next three years.
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Chairman of Dhanuka Agritech, RG Agarwal told CNBC-TV18 that they have plans to acquire 45% stake in a seed company.
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RG Agarwal, Chairman of the company tells CNBC-TV18 that Dhanuka is poised for capacity expansion through setting up a new facility on their newly acquired land.
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In an interview with CNBC-TV18, M K Dhanuka, MD, Dhanuka Agritech says, the company is expecting around 23-24% growth by the year-end in the top-line and around 30-35% on the bottom-line.
