Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 August, 2018 19:56 IST
Mahindra collaborates with Dewulf Group
Source: IRIS | 14 Nov, 2017, 01.37PM
Comments  |  Post Comment

Mahindra & Mahindra (M&M), part of the USD 19 billion Mahindra Group, headquartered in Mumbai, India, today announced a licencing agreement with the Dewulf group for manufacture and marketing of potato planting equipment in India. Under the aegis of this agreement, Mahindra will work with the Dewulf Group to bring its potato planting technology to the Indian market.

Potato is the world's fourth largest food crop, with India being the second largest producer. Each year, over 2 million hectares of potato is planted in India, yielding a production of about 40 million tonnes. With the ever increasing focus towards processing of potato, the demand for quality potatoes is expected to go up. This will require Indian farmers to use better machinery for potato planting. The potato planter, co-branded, Mahindra and Dewulf, will enable the Indian potato farmer to perform even and precise planting, thereby leading to higher yield, reduction in cost and improved quality of output. All this will lead to greater farm productivity and subsequently, higher income for the farmer.

Rajesh Jejurikar, President, Farm Equipment Sector, Mahindra & Mahindra, said, ''We are delighted to announce a partnership with the Dewulf Group, a Belgium based world class manufacturer of agricultural machinery. Our licensing agreement with the Dewulf Group will allow us to bring the latest planting technology to potato farmers in India.''

Shares of the company gained Rs 61.95, or 4.55%, to trade at Rs 1,423.45. The total volume of shares traded was 30,877 at the BSE (1.22 p.m., Tuesday).



Mahindra & Mahindra Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Zensar Technologies signs global OEM partnership with PTC - 21-Aug-2018 16:19
Nestle India partners with Flipkart to launch Maggi special masala noodles - 21-Aug-2018 16:13
Lupin launches generic Clobetasol propionate cream in US - 21-Aug-2018 16:05
Jet Airways expands codeshare agreement with Bangkok airways - 21-Aug-2018 11:46
Man Infraconstruction intimates of arbitral award in favour of subsidiary Manaj Tollway - 21-Aug-2018 10:44
Lupin receives USFDA nod for generic Hydrocortisone Butyrate lotion - 21-Aug-2018 10:36
Tanla Solutions acquires Karix Mobile for Rs 3.40 bn - 21-Aug-2018 09:31
Indian Hume Pipe Co bags work order worth Rs 2.56 bn - 20-Aug-2018 16:17
Multi Commodity Exchange of India signs MoU with Indian Cotton Federation - 20-Aug-2018 16:12
Ratnamani Metals & Tubes wins orders worth Rs 1.55 bn - 20-Aug-2018 10:00
Ion Exchange receives EPC contract worth Rs 4.38 bn - 17-Aug-2018 11:35
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer