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
24 October, 2018 04:18 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
Related Articles
Sensex ends 287 points lower; Nifty settles at 10,146-level - 23-Oct-2018 16:04
Zydus receives USFDA's final approval for Clobazam tablets - 23-Oct-2018 15:01
Ahluwalia Contracts wins new orders of worth Rs 5.38 bn - 23-Oct-2018 11:58
PNB Housing Finance raises Rs 17.75 bn through commercial papers - 23-Oct-2018 10:22
White Organic Agro bags additional orders from Innovative Cuisine - 23-Oct-2018 10:16
Himachal Futuristic Communications secures order worth Rs 3.66 bn - 23-Oct-2018 10:07
Lupin gets nod for generic Triamcinolone Acetonide ointment - 23-Oct-2018 10:00
Sensex fall 250 points; Nifty trades at 10,167 - 23-Oct-2018 09:42
ITD Cementation India bags orders worth Rs 10.66 bn - 23-Oct-2018 09:35
Sensex ends 181 points lower; Nifty settles below 10,300 - 22-Oct-2018 16:06
Biocon, Mylan announce positive CHMP Opinion for Ogivri - 22-Oct-2018 10:28
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