Page 150 - CW E-Magazine (12-11-2024)

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PORTFOLIO DIVERSIFICATION

Crystal Crop acquires I&B Seeds
Agri input maker Crystal Crop expanding into the vegetable and With the acquisition, Crystal will-
Protection has acquired Bengaluru- fl ower seed segments, we are not further diversify its product offerings
based I&B Seeds, a fl ower and vege- only diversifying our offerings but and expand it sreach to more farmers.
table seeds company, for an undisclosed also enhancing our ability to pro- It expects to boost revenues from the
sum. This is Crystal Crop’s 12th acqui- vide farmers with high-quality seeds seeds division by 30%.
sition and the fi fth in the seeds business. that can signifi cantly increase their
The latest buyout will help Crystal income. I&B Seed’s expertise in the “This acquisition is agreat oppor-
Crop diversify and foray into the high- fl ower and vegetable seeds market, tunity for Crystal seeds to combine
value fl ower and vegetable seeds. I&B combined with our strong portfolio I&B Seed’s legacy in fl ower and vege-
Seeds is a major player in the marigold in fi eld crops, will allow us to better table seeds with Crystal’s extensivere
seeds segment with brands such as serve the agricultural community and sources and distribution network.
Indus and SPS. contribute to sustainable farming
practices across India.” The size and strength of Crystal
In a statement, Mr. Ankur Aggarwal, will help accelerate reach of innova-
Managing Director of Crystal Crop, Expanding reach tive and high-quality seeds to farmers
said, “This acquisitionmarks a pivotal Crystal’s current seeds portfolio across India and beyond, ensuring
moment in our growth strategy. spans across fi eld crops like cotton, better yields and profi tability,” said
At Crystal, we are deeply committed maize, pearl millet, mustard, fodder, Mr. Praveen Noojibail, Managing
to the well-being of our farmers. By wheat, berseem and sorghum. Director, I&B Seeds.
COLLABORATIVE EFFORT
NTPC develops indigenous catalyst for methanol

production from CO
2
NETRA, the R&D wing of NTPC, characterization, long duration quantitative & moles of hydrogen pass through a fi xed
has developed an indigenous catalyst qualitative performance assessment bed downfl ow reactor.
for hydrogenation of CO to methanol of the catalyst is being carried out in a
2
in collaboration with Indian Institute specially designed 10-kg/day methanol The purity of methanol produced by
of Petroleum (IIP), Dehradun. After pilot plant. Here, 1 mole CO and 3 this catalyst is more than 99%.
2
Modi Naturals secures Rs 300-crore order to supply

ethanol

Modi Naturals Ltd. (MNL) has manufacturing companies (OMCs). The Pvt. Ltd. (MBPL), and will be fulfi lled
received a Rs. 300-crore order for company secured the order through its in Ethanol Sugar Year (ESY) 2024-25
supplying 41,600-kl of ethanol from oil wholly-owned subsidiary, Modi Biotech (November-to-October) in four phases.
QCO dates for three chemicals extended

The Department of Chemicals & Petro- extended the date of entry into force of hydride – to October 24, 2025. The new
chemicals (DCPC), Ministry of Chemicals the Quality Control Orders for three chemi- dates were announced in a Gazette Notifi -
and Fertilizers, Government of India, has cals – acrylonitrile, styrene and maleic an- cation (CG-DL-E-24102024-258213).
Atul completes increase in capacity of liquid epoxy resin

Atul has completed the increase in 50-ktpa effective October 25, 2024. The of Rs. 200-crore (excluding working
capacity of its liquid epoxy resin by project was carried out at an investment capital of Rs. 165-crore).

150 Chemical Weekly November 12, 2024

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