Latest news with #BASFIndia
Hans India
5 days ago
- Business
- Hans India
BASF launches breakthrough crop protection for paddy farmers
Hyderabad: BASF India has introduced two groundbreaking crop protection products—Valexio Insecticide and Mibelya Fungicide—specifically designed to support Indian rice farmers in improving yield and quality. With this launch, India becomes the first country globally to access BASF's latest innovations aimed at strengthening food security and sustainable agriculture. Valexio, powered by BASF's novel Prexio Active, offers superior control over all life stages of rice hoppers—one of the most damaging pests to rice crops. Uniquely formulated, the insecticide boasts no known cross-resistance with existing solutions and delivers long-lasting protection, as well as plant health benefits such as stronger stems, enhanced root systems, and denser canopies. Complementing this is Mibelya, India's first fungicide to feature Revysol, a next-generation active ingredient developed by BASF. Combined with Xemium, another patented molecule, Mibelya provides dual-action control against rice diseases like sheath blight and dirty panicle, ensuring fast, deep, and long-duration protection. With the monsoon season approaching, Mibelya offers a timely solution for farmers facing unpredictable weather and increasing disease pressure.
Time of India
6 days ago
- Business
- Time of India
German chemicals giant BASF plans IPO of agri solutions biz in India after demerger
1 2 3 Hyderabad: German chemicals giant BASF SE, which is hiving off its agricultural solutions business with plans to list it on the global bourses, plans an initial public offering of its agricultural solutions business in India as well, post demerger from BASF India. This comes as the company is scouting for acquisitions in the small to mid-sized segment in the seeds business as well as biologics, top company officials said on Wednesday. Pointing out that BASF SE is preparing for a potential IPO listing for the agrisolutions business post the second half of 2027, Michael Heinz, member of the board of executive directors of BASF SE, said the legal entity separation is already done, but the call on when to go for the IPO will be taken based on the overall market conditions and other factors. "It could be in the second half of 2027, or the first half of 2028 or later. We will ready the IPO and execute it when circumstances are favourable," Heinz said. Marko Grozdanovic, senior vice-president, Global Strategic Marketing, Agricultural Solutions, BASF SE, said with the additional value they create with the demerger and IPO, the company will be able to make potentially higher investments in India, which is a key market for BASF globally. "We are looking into technologies from our own R&D point of view, but there are also technologies out there where we think about partnerships and acquisitions in the area of seeds, both vegetable seeds and row crops, or in the area of biologicals where India could play a role for future investments," Grozdanovic said. Talking about the Indian agri solutions business IPO, BASF India Ltd managing director Alexander Gerding said the demerger will take 18–24 months, and once it is completed, they will be listing the new agri solutions company on the Indian stock exchanges as part of efforts to unlock value for shareholders.
The Hindu
6 days ago
- Business
- The Hindu
BASF India to demerge agri solutions business, to issue shares 1:1 ratio in new entity
BASF India has begun demerging its agricultural solutions business, a process it expects to take 18-24 months after which existing shareholders will be receive shares in the ratio of 1:1 in the new entity. The demerger will be in line with German industrial chemical parent BASF's September 2024 announcement to separate core businesses, which have significant edge over competitors, and standalone businesses such as agricultural solutions to sharpen the latter's focus as they compete with pure play peers. It intends to list the resultant agricultural solution entity, globally, through an Initial Public Offering. The new company, following the demerger in India, will unlock value for the shareholders, a leadership team led by Member of the Board of Executive Directors of BASF SE Mike Heinz and comprising Senior VP – Global Strategic Marketing, Agricultural Solutions Marco Grozdanovic and BASF India Managing Director Alexander Gerding among others told media at the launch of insecticide Valexio and fungicide Mibelya for rice crop. Mr. Heinz said for the parent entity demerger of the agricultural solutions business as well as implementation of new ERP was expected to happen by the second-half of 2027 at the earliest. The IPO thus is unlikely before first half of 2028 and the timing would still hinge on other factors such as market conditions, he said. In 2024, the agricultural division generated global sales of Euro 9.8 billion. Last year, BASF registered sales of approximately Euro 2.4 billion to customers in India. BASF had more than 2,400 employees and 8 production sites as well as 42 offices in the country. Over the last 10 years, it has invested Euro 310 million to grow its operations in India. To queries around plans for further investment, Mr. Heinz said, 'I would very surprised if going forward for the next 10 years, the [investment] number would be lower than what we have invested in the last 10 years.' Mr. Grozdanovic said the company is exploring all opportunities in India, including acquisitions, specifically seed companies for certain crops. In doing so, it would not be looking at large entities. On the two new products, senior V-P-Agricultural Solutions of BASF Asia Pacific Simone Barg said rice is a priority in the region from a food security perspective. Valexio and Mibelya will help boost rice yields as they help manage rice hoppers, a key rice pest, and control diseases such as sheath blight control. Business Director-Agricultural Solutions at BASF India Giridhar Ranuva said the company plans to launch 10-12 new products up to 2028. It had launched 10 in the last four years.
Mint
20-05-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 May 2025
Breakout stocks buy or sell: Continuing their decline for a second straight session, India's key stock indices—the Sensex and Nifty 50—closed lower on Monday, May 19, amid negative global signals. The Sensex dropped 271 points, or 0.33%, to end at 82,059.42, while the Nifty 50 slipped 75 points, or 0.30%, to finish at 24,944.45. The mid- and small-cap sectors maintained their strong performance, with the BSE Midcap index increasing by 0.27% and the Smallcap index advancing by 0.75%. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive until the Nifty 50 index is above 24,800. Speaking on the outlook of Indian stock market, Bagadia said, ' The 50-stock index is facing hurdle at 25,400 while the key benchmark index has crucial support placed at 24,500. One can assume bullish or bearish trend on the breakage of either side of the range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Breakout stocks can be a good option." Sumeet Bagadia recommends five shares to buy today — BASF India, Wheels India, Aarti Drugs, Inox Wind, and KPI Green Energy. 1] BASF India: Buy at ₹ 4902.90, target ₹ 5450, stop loss ₹ 4665; 2] Wheels India: Buy at ₹ 772.65, target ₹ 850, stop loss ₹ 735; 3] Aarti Drugs: Buy at ₹ 480.60, target ₹ 530, stop loss ₹ 455; 4] Inox Wind: Buy at ₹ 185.61, target ₹ 205, stop loss ₹ 176; 5] KPI Green Energy: Buy at ₹ 485.70, target ₹ 540, stop loss ₹ 460. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Business Standard
15-05-2025
- Business
- Business Standard
BASF India consolidated net profit declines 83.27% in the March 2025 quarter
Sales decline 2.21% to Rs 3282.86 crore Net profit of BASF India declined 83.27% to Rs 27.01 crore in the quarter ended March 2025 as against Rs 161.43 crore during the previous quarter ended March 2024. Sales declined 2.21% to Rs 3282.86 crore in the quarter ended March 2025 as against Rs 3356.90 crore during the previous quarter ended March 2024. For the full year,net profit declined 14.95% to Rs 479.06 crore in the year ended March 2025 as against Rs 563.27 crore during the previous year ended March 2024. Sales rose 10.87% to Rs 15246.32 crore in the year ended March 2025 as against Rs 13751.27 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 3282.863356.90 -2 15246.3213751.27 11 OPM % 1.517.32 - 4.816.47 - PBDT 65.80267.59 -75 797.06950.08 -16 PBT 25.01219.33 -89 616.77758.87 -19 NP 27.01161.43 -83 479.06563.27 -15
