Page 148 - CW E-Magazine (20-8-2024)

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COLLABORATION

BASF India and NAAM Foundation complete water

conservation project in Hingoli

BASF India Ltd. has partnered with
NAAM Foundation to tackle water
scarcity problems faced by agricultural
communities in the villages of Bhindi,
Ambala and Waranga Masai located in
Hingoli district of Maharashtra.

The partners successfully completed
a water conservation project, where
existing water bodies were widened
and innovative water conservation and
rainwater harvesting systems were
implemented.

NAAM Foundation, an NGO foun- fi t over 5,000 rural families and agri- Speaking about the project, Mr.
ded by actors Mr. Nana Patekar and cultural community in and around the Gerding said, “BASF India remains
Mr. Makarand Anaspure, has experience of three villages. committed to supporting projects that
working with over 1,030 water-scarce promote sustainable development in wa-
villages and assisting them in conserv- The project was recently inaugura- ter conservation, to create a positive im-
ing water, improving water tables and ted and handed over to the local commu- pact on the communities that we operate
effectively harvesting rainwater. nity in a function attended by Mr. in. I hope more villages get inspired by
Alexander Gerding, Managing Director, the success of this project and join the
The Hingoli project included con- BASF India; Ms. Sunita Sule, Head of movement in building better water ac-
struction of farm ponds and water con- CSR and Country Development, BASF cess for themselves in the near future.”
servation work in the three villages. India; Mr. Giridhar Ranuva, Business “By creating a water-secure future, we
These measures have successfully built Director, BASF Agricultural Solutions hope to support farmers in their efforts
access to clean water resources, creat- India, along with Mr. Malhar Patekar, to sustainably cultivate the land and
ing a reliable supply of water for the co-founder and Director of NAAM contribute to the growth of their com-
villages. The project is expected to bene- Foundation. munities,” said Mr. Ranuva.

FINANCIAL PERFORMANCE
Cosmo First posts strong Q1 net profi t

Cosmo First, a diversifi ed conglo- The company is expecting improved performance Mr. Pankaj Poddar, Group
merate with interests in packaging fi lms sales of speciality fi lms as well as do- CEO, Cosmo First, said “The compa-
and speciality chemicals, has posted a mestic margins to remain at healthier ny’s focus remains on speciality fi lm
strong 122.66% growth in consolidated levels in FY 25. business and cost rationalisation op-
net profi t to Rs. 30.95-crore in the fi rst portunities. Rigid packaging vertical
quarter ended June 2024 as against The Speciality Chemical business launched in H2, FY24 is growing well
Rs. 13.90-crore during the same year- has commercialised multiple chemi- with addition of injection moulding
ago period. Sales rose 4.87% to Rs. stries (including for adhesives, coat- from Q1, FY25. We are focusing on
689.67-crore in the quarter as against ings as well as masterbatches) which consolidation in Zigly (pet care business)
Rs. 657.66-crore during the previous should facilitate enhanced profi tability during the fi rst two quarters before next
quarter ended June 2023. in FY25. Commenting on company’s level of growth.”

148 Chemical Weekly August 20, 2024

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