Drones can play a transformative role in farming and agriculture by offering precision tools for monitoring crop health, optimizing irrigation, and reducing the use of pesticides and fertilizers. With the ability to cover vast areas quickly, drones provide farmers with real-time data, enabling better decision-making and improved crop management. This enhances efficiency, saves costs, and promotes sustainability.
Scalability and Growth Potential
The scalability of drone technology in Indian farming is immense. With a large agricultural base, India presents a unique opportunity to integrate drones into farming practices. As more farmers adopt this technology, the potential for growth in the drone industry expands significantly. Drones can be tailored for various farm sizes and types, making them adaptable to diverse agricultural needs.
Supporting Food Security and Efficiency
Given the increasing demand for food and the focus on food security, drones offer a critical solution. With government initiatives supporting modern farming techniques, drones can boost productivity, conserve resources, and improve the efficiency of India’s agricultural sector.
Share Price
The shares of Coromandel are trading at Rs. 1,851 up by 1.7% from its previous close of Rs. 1,818.25 as of December 17, 2024. The stock also touched a lifetime high of Rs. 1,855.
Recent Updates
Partnership for Drone Spraying Services
Coromandel International Limited has partnered with Mahindra & Mahindra Limited’s Farm Equipment Sector (FES) business, Krish-e, to extend its drone spraying services, Gromor Drive, to Indian farmers. The service is currently operational in seven key states, including Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh, and Uttar Pradesh, offering modern agricultural solutions.
Enhanced Accessibility through Technology
This collaboration will leverage Mahindra’s ‘Krish-e Kheti Ke Liye App,’ which will enhance farmers’ access to drone services, along with other technology-driven solutions to maximize income. The app allows farmers to conveniently access advanced farming tools and services.
Competitive Edge and Backward Integration
Coromandel’s subsidiary, Dhaksha Unmanned Systems, supports the operation by providing reliable drones, trained pilots, and service support. This backward integration provides Coromandel with a distinct competitive edge in the rapidly growing drone spraying market.
About the Company
Coromandel International Limited is a leading agri-solutions provider in India, offering a wide range of products and services across the farming value chain. The company operates in two major segments: Nutrient and Allied Businesses, and Crop Protection.
It is the second-largest manufacturer and marketer of phosphatic fertilizers in India and a leading player in organic fertilizers. Coromandel’s Crop Protection products are marketed both domestically and internationally. The company also focuses on specialty nutrients, bio-products, and plant extractions for various applications.
With over 750 rural retail outlets across four states, Coromandel serves around 3 million farmers, providing agri-inputs, crop advisory, and farm mechanization services. The company has 7 R&D centers and 18 manufacturing facilities. In FY23-24, Coromandel reported a turnover of ₹22,290 Crores and is recognized for its environmental efforts by international organizations.
Written By: Dipangshu Kundu
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