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 April, 2018 06:43 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
Bharti Infratel quarterly profit climbs 1.58% - 23-Apr-2018 18:10
US sanctions on RUSAL put Indian automobile industry on crossfire: ICRA - 23-Apr-2018 17:24
Sensex, Nifty end flat; M&M, Sun Pharma top gainers - 23-Apr-2018 16:03
Petrol price touches Rs 74.40, diesel at record high of Rs 65.65 - 23-Apr-2018 13:42
Mahindra Powerol launches new range of high power diesel generators - 23-Apr-2018 13:36
Salasar Techno Engg secures orders worth Rs 490 mn - 23-Apr-2018 13:02
Gujarat Ambuja Exports completes 1st phase of greenfield maize processing plant - 23-Apr-2018 12:58
Sensex rises over 150 points; TCS, M&M top gainers - 23-Apr-2018 12:56
Lupin receives USFDA for generic of Xenazine tablets - 23-Apr-2018 12:52
Indian Hume Pipe surges after new order win - 23-Apr-2018 12:47
Shilpa Medicare rises post EU-GMP approval for three plants - 23-Apr-2018 12:39
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