Camson Bio Technologies, inked a Memorandum of Understanding (MoU) with Coconut Development Board (CDB), to develop non-chemical, zero-residue, secondary metabolite based biocides to control red palm weevil (Ryhnchophorus ferrugineus) infesting coconut plantations.

Secondary metabolite based solutions are the most advance technologies used to make farm inputs in the organic space and Camson is the only company in the country with the requisite research experience and execution skills. Camson has been partnered under the board's scheme ''Technology Mission of Coconut'' to conduct research over a period spanning to years.

Shares of the company gained Rs 1, or 1.02%, to settle at Rs 99. The total volume of shares traded was 162,334 at the BSE (Friday).