With this, Dharmaj forays into technicals & intermediates manufacturing
Agrochemical manufacturer Dharmaj Crop Guard Limited announces the successful commissioning of its greenfield manufacturing facility in Sayakha GIDC, Gujarat. This facility represents a strategic shift for Dharmaj as it forays into technicals & intermediates manufacturing.
The facility, equipped with world-class infrastructure and designed in accordance with export market regulatory standards, commenced commercial production on January 22, 2024. Divided into 4 blocks; 2 for intermediates, a multi-purpose technical block and a recovery block, it is capable of manufacturing multiple products simultaneously.
In addition to the production blocks, the facility boasts a dedicated Research and Development (R&D) Centre and Quality Control (QC) Laboratory. This comprehensive setup emphasizes Dharmaj's commitment to innovation, quality assurance, and excellence in manufacturing.
Commenting on this milestone, Rameshbhai Talavia, Chairman and Managing Director, said: "The commissioning of this facility was a primary objective of Dharmaj's public issue in December 2022. Demonstrating efficiency in execution and dedication, the Company has delivered this significant milestone in little over a year of its listing. Financing for the project has been achieved through a prudent mix of proceeds from the Initial Public Offering (IPO), internal accruals, and debt.
This facility will not only enhance our blended profitability margin and strengthen our existing formulations business but also opens up new opportunities in domestic and export markets. We are also looking forward to venture into new verticals such as public and animal health from this facility.
Dharmaj is optimistic about the opportunities presented by the Indian agrochemical sector, even in the face of temporary headwinds in the export markets. The Company is strategically positioning itself to capture these opportunities in the coming years and is committed to delivering sustainable growth and value to all its stakeholders."
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