Jubilant Ingrevia Ltd | Stock Performance Analysis

Jubilant Ingrevia commissions multipurpose agro active and intermediate plant; details inside

The plant is established by the company’s wholly-owned subsidiary, Jubilant Agro Sciences Limited.

Commissioning multipurpose agro active and intermediate plant

Today, Jubilant Ingrevia Ltd announced the commissioning of its state-of-the-art, multipurpose, agro active and intermediate plant to produce value-added products at its manufacturing facility at Bharuch, Gujarat.

The plant, established by the company’s wholly-owned subsidiary, Jubilant Agro Sciences Ltd, is geared towards meeting the rising future global demand for agro actives & intermediates. This plant will be utilised for both its CMO customers and its activities.

Jubilant Ingrevia has been synthesising several agro intermediates at its manufacturing facility at Bharuch, Gujarat, and this new plant will further expand its presence in agrochemicals. This plant will primarily cater to insecticide intermediates and actives, fungicides actives, based on the company’s core pyridine and non-pyridine value chains.

Company profile

Jubilant Ingrevia, is a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers with our customised products and solutions that are innovative, cost-effective and conforming to excellent quality standards. The company’s portfolio also extends to custom research and manufacturing for pharmaceutical and agrochemical customers on an exclusive basis.

Stock price movement

At 3:30 pm, Jubilant Ingrevia shares were trading at Rs 476.55, up by 0.15% from its previous closing of Rs 475.85 on the BSE.

Today, the stock opened at Rs 478.65 and has touched a high and low of Rs 486.70 and Rs 476.55, respectively. The BSE group ‘A’ stock of face value of Rs 1 has a 52-week high and low of Rs 524.50 and Rs 350.80, respectively. Last one week high and low of the scrip stood at Rs 492.40 and Rs 1,135.80, respectively. The current market cap of the company is Rs 7,590.54 crore.

The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 17.52% and 30.99%, respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Jubilant Ingrevia Partners with O2 Renewable to Embrace Green Energy

This article delves into Jubilant Ingrevia’s strategic alliance with O2 Renewable to augment its green energy usage.

Jubilant Ingrevia Ltd, a prominent Indian participant in the sustainable manufacturing sector, announced a collaborative effort with O2 Renewable Energy XVIII Private Limited (O2 Renewable) on March 12, 2024. O2 Renewable, a subsidiary of O2 Power SG PTE. LTD, Singapore, is a distinguished renewable energy developer. This partnership represents a significant stride for Jubilant Ingrevia towards establishing renewable energy generation utilizing a hybrid open access system incorporating solar and wind sources.

Greener Power for Sustainable Production

The partnership’s objective is to procure renewable energy through a captive arrangement, fulfilling Jubilant Ingrevia’s power needs and addressing the rising demand for green energy to operate its manufacturing facilities situated in Gajraula, Uttar Pradesh and Savli, Gujarat. This collaboration signifies a pivotal milestone in the company’s sustainability journey by lowering its dependence on non-renewable energy sources and minimizing its carbon footprint.

Executive Commentary

Expressing his views on this development, Mr. Deepak Jain, CEO & Managing Director of Jubilant Ingrevia Limited, emphasized, “Our alliance with O2 Renewable reflects our commitment to upholding sustainable practices. This collaboration fosters innovation and economic growth while contributing to a sustainable future by minimizing our environmental impact and enhancing operational efficiency.”

Aligned with this viewpoint, Mr. Parag Sharma, Founder and Chief Executive Officer of O2 Renewable, expressed his delight regarding the partnership. He stated, “We are honoured to collaborate with Jubilant Ingrevia, a leading global provider of integrated life science products and innovative solutions, to supply them with green energy. This partnership empowers them to make substantial progress towards achieving their sustainability goals and offsetting their carbon emissions. We anticipate broadening this collaboration in the near future to cater to the requirements of other Jubilant Bhartia Group facilities, supporting their transition towards a sustainable and green future.”

Jubilant Ingrevia’s Sustainability Journey

Jubilant Ingrevia, a frontrunner in ESG (Environmental, Social, and Governance) practices, embarked on its sustainability mission in the early 2000s. The company has consistently ranked among the top chemical companies in ESG initiatives, having secured recognition in programs like S&P DJSI, TFS, Ecovadis, CDP Climate Change, and Responsible Care certification. Presently, Jubilant Ingrevia is strategically focusing on incorporating green energy into its portfolio. Introducing renewable energy sources like solar and wind power is a key aspect of this strategy, alongside incorporating biomass.

Ambitious Green Targets

To solidify its position as a leader in ESG practices, Jubilant Ingrevia has intensified its efforts towards green energy adoption. The company has set ambitious targets to achieve a minimum of 30% green energy utilization in the coming years. Initiatives have already been launched at the Nira facility in Maharashtra and are now being extended to the facilities in Gajraula and Savli.

Financial and Environmental Benefits

Adopting renewable energy offers not only environmental advantages but also presents financial merits. By lowering its dependence on conventional energy sources, Jubilant Ingrevia anticipates a reduction in overall power procurement costs. This, in turn, empowers the company to offer more competitive value propositions to its customers.

Jubilant Bhartia Group: A Sustainability Advocate

The Jubilant Bhartia Group, renowned for its commitment to ESG principles and sustainability, is spearheading a comprehensive effort to implement green initiatives across all its companies. Each group entity actively integrates green practices tailored to their respective sectors. The Group fosters these values within its operations and extends them to the wider community.

Conclusion

Jubilant Ingrevia’s collaboration with O2 Renewable signifies a substantial step towards attaining its environmental sustainability goals. By adopting a hybrid renewable energy approach that incorporates solar and wind power, the company is projected to reduce its reliance on non-renewable energy sources and make significant progress towards lowering its carbon footprint. This strategic alliance aligns with Jubilant Ingrevia’s commitment to upholding sustainable manufacturing practices while contributing to a greener future. The company’s ambitious green targets and the ongoing expansion of renewable energy initiatives across its manufacturing facilities are a testament to its dedication to environmental stewardship.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.