Apr 2016
The District Industries Centre has given approval to Dhanuka Agritech’s Udhampur unit to double its capacity to 11,800 tonnes per annum. In an exchange filing on Wednesday, the company said it has also received permission from the J&K State Pollution Control Board to handle hazardous wastes for pesticide formulation and consent to operate the fresh expansion. The company said it can avail excise duty refund for a period of 10 years for the unit at Udhampur. Shares of Dhanuka Agritech ended 1.8 per cent up at ₹619.10 on the NSE.
Feb 2016
Shares of agrochemical company Dhanuka Agritech Ltd gained 3.7% on Tuesday after the firm surprised the Street by reporting a strong performance for the December quarter.
Sales increased 15% from a year ago. Three domestic brokerage firms had forecast sales to rise in the range of 10-12%, so the revenue beat is not much. But it should be seen in the context of a weak agrarian economy. For instance, UPL Ltd, a large agrochemical company, reported a 17% drop in India revenue last quarter.
Rallis India’s domestic business also suffered
Feb 2016
Feb 2016
Dhanuka Agritech plans to launch ‘Sempra’, a new-age weedicide for sugarcane, from the stable of its partner Japan-based Nissan Chemicals. The first of its kind product will be launched in Lucknow on Wednesday followed by Maharashtra, Punjab, Haryana, Karnataka and Tamil Nadu.
The product was evaluated and recommended by six universities including UP Council of Sugarcane Research, Narendra Deva University of Agriculture and Technology, Faizabad (UP) and Vasantdada Sugar Institute (Maharashtra).
Oct 2015
Gujarat-basedsanitary products making company Cera Sanitaryware Ltd has entered into a joint venture agreement with Anjani Tiles Ltd for setting up a tiles manufacturing plant requiring an investment of $10.5 million in Andhra Pradesh, according to a stock market disclosure.
The project, which will start in April 2016, will have an initial capacity of 10,000 square meters per day of tile production.
It will require an investment of Rs 68 crore ($10.5 million), to be paid through an equity component
Oct 2015
Kolkata-based diagnostic chain Suraksha Diagnostics Pvt. Ltd has begun talks with private equity (PE) funds to raise at least Rs.200 crore for growth capital, said two people aware of the fund-raising plans. The company recently hired a Mumbai-based boutique investment bank for the fund-raising plan.
This will be the second round of fund-raising for the diagnostic chain that has raised Rs.50 crore from PE fund Lighthouse Advisor India Pvt. Ltd in February 2013
They (Suraksha) have just launched the process to raise at least Rs.200 crore.
Oct 2015
Mid-market India-focused private equity firm Lighthouse Funds has raised $138 million (around Rs 900 crore) for its fund India 2020 Fund II around two years after hitting its first fundraising milestone, a top executive told VCCircle. The fund had got a $42 million commitment from US government's development finance institution Overseas Private Investment Corporation (OPIC) late last year and the PE firm was targeting to raise $125 million in its second outing.Lighthouse Funds had raised its maiden fund 'India 2020 Limited' in 2008 with a corpus of $100 million.
Sep 2015
Singapore headquartered education firm Xseed, which has its development centers in Delhi and Bengaluru, has launched two new applications to enhance the teaching and learning experience of teachers and students respectively.
The two applications are called Tapp amd Xseed Future. Tapp is a professional development mobile app to measure and help improve teachers’ skill while Xseed Future is India’s first bi-lingual programme to help teachers in aspiring English medium schools.
Speaking to media Anustup Nayak