Page 137 - CW E-Magazine (24-9-2024)

Top Stories

BIOSOLUTIONS

KRIBHCO and Denmark’s Novonesis join up to

improve crop yield and soil quality

Krishak Bharati Cooperative Ltd.
(KRIBHCO) and Denmark’s Novonesis –
formed by the combination of Chr.
Hansen and Novozymes – have signed
an MoU to explore collaboration oppor-
tunities within agri biosolutions that
will improve crop yield and soil quality.

In the first phase of this collaboration,
Indian farmers, across all crops, will get
access to the advanced mycorrhizal bio-
fertiliser product – ‘KRIBHCO Rhizo
super’, powered with Novonesis’ proprie-
tary ‘LCO (Lipo-chitooligosaccharides)
Promoter Technology’. Subsequently,
under this partnership, the partners will are crucial for nutrient uptake and overall to a balanced ecosystem. This partnership
explore bringing in more of Novonesis’ plant health. is pivotal in addressing the challenges
biosolutions in plant health space. posed by climate change, ensuring food
Further, Novonesis will also support Commenting on the partnership, Mr. security and paving the path for a sustain-
KRIBHCO to strengthen its biofertiliser Krishna Mohan Puvvada, Senior Vice able agriculture in India.”
production facility and help sharpen its President, Middle East, India & Africa of
product portfolio combining its core Planetary Health Biosolutions, Novonesis Mr. M.R. Sharma, Managing Direc-
microbial technology. said, “By harnessing the power of biosolu- tor, KRIBHCO added, “KRIBHCO is
tions, we are not just innovating for better committed to empowering our farmers
‘KRIBHCO Rhizosuper’ comprises crop yields, but also for a sustainable with innovative agri biosolutions that not
a unique combination of relevant endo- future. Our commitment is to develop bio- only enhance yield and soil quality, but
mycorrhizal species powered with pro- solutions that reduce the reliance on chemi- also champion the cause of sustainable
prietary ‘LCO Promoter Technology’ to cals, rejuvenate soil health, and contribute agriculture”.
support faster mycorrhizal colonisation,
enhance beneficial microbial activity in Regreen-Excel EPC India files DRHP for IPO
the rhizosphere, thereby triggering robust Regreen-Excel EPC India Ltd. has able energy), according to a Frost &
plant growth and improved soil quality. filed its draft red herring prospectus Sullivan report quoted in the DRHP.
This technology enhances the use of ap- (DRHP) with the capital market regu-
plied phosphatic fertiliser, other nutrients, lator, Securities and Exchange Board In addition to a fresh issue of up to
and water. of India (SEBI), for an initial public Rs. 350-crore, the promoter selling stock-
offering (IPO). Regreen-Excel EPC holders would offer up to 11,450,380
LCO is a signalling molecule, emerg- India is a engineering, procurement, equity shares for sale as part of the com-
ing as a significant innovation in the agri- and construction (EPC) company that pany’s first public offering. The com-
cultural sector, particularly in India where develops, produces, and supplies etha- pany proposes to utilise the net proceeds
farmers face numerous challenges such nol facilities. By March 31, 2024, the towards funding capital expenditure
as reduced soil carbon, improper fertiliser firm will have emerged as the youngest requirements, repayment/pre-payment,
use, and erratic weather patterns. This of the major Indian manufacturers and in full or in part, of certain borrowings,
technology enhances the plant’s natural suppliers of ethanol plants (distillery, funding margin money requirements for
processes, and facilitates communication sugar and cogeneration, biofuels, zero the purpose of availing bank guarantees,
between plants and soil microbes, which liquid discharge systems, and renew- and general corporate purposes.

Chemical Weekly September 24, 2024 137

Contents Index to Advertisers Index to Products Advertised