M/s. Bheema Fine Chemicals Private Limited is establishing a Pesticide technical and its intermediates manufacturing unit, accompanied by R&D products. The production capacity is set at 9000 Tons Per Annum (TPA) and includes a 4 Megawatt Captive Power Plant (CPP). The site for this venture is the Kadechur Industrial Area located in Yadgir District, Karnataka.
The manufactured products encompass insecticides, fungicides, herbicides, pesticides, etc., specifically designed for agricultural applications. The project is anticipated to progress through three phases, with commercial production scheduled to commence by FY25. Currently the civil works are underway.
Estimated Project Cost
The comprehensive estimated cost for the entire project, covering aspects such as land, building, and plant & machinery, amounts to Rs. 375.35 Crores.
Project Size and Capacity
The proposed project will be executed in an area of approximately 13.72 hectares (137,193 sq.m), with a total production capacity of 9001.8 TPA.
The project is expected to generate both direct and indirect employment opportunities. Approximately 1000 individuals will benefit from this venture, including 600 direct employees and 400 indirect employees.
Significance to the Region and Country
The India agrochemicals market plays a pivotal role in the growth of the Asia Pacific agrochemicals market. The region experiences substantial growth, driven by increased pesticide and fertilizer consumption for farming activities. Modern and advanced farming practices contribute to this growth. The rising population in India necessitates agricultural sufficiency, fostering the use of agrochemical products. Factors such as the Indianization of the agrochemical industry, population growth, food production needs, and economic growth positively influence the Indian agrochemical industry.
About M/s. Bheema Fine Chemicals Private Limited:
Incorporated on 22.07.2020, M/s. Bheema Fine Chemicals Private Limited operates as a wholly-owned subsidiary of Bhagiradha Chemicals & Industries Limited (BCIL), a Bombay Stock Exchange-listed company. BCIL, a 25-year-old parent company, specializes in pesticide technical manufacturing, with a plant situated in Ongole, Andhra Pradesh, boasting a permitted operating capacity of 3250 tons per annum. The registered office of M/s. Bheema Fine Chemicals Private Limited is located at Plot No. 3, Sagar Society, Road No 2, Banjara Hills, Hyderabad.
Pesticides are broadly categorized into types such as insecticides, herbicides, fungicides, rodenticides, etc., based on the specific pests they target. BCIL specializes in the production of insecticides, herbicides, and fungicides, primarily focusing on technical formulations with a smaller portion dedicated to final product formulations. The company boasts a diverse product portfolio, consisting of over 13 products, with an additional 10 products currently in the development phase. Key products from BCIL include Chlorpyrifos, Chlorpyrifos Methyl, Triclopyr, Azoxystrobin, and Fipronil.