UPL surges on signing strategic partnership agreement with CH4 Global
UPL is currently trading at Rs. 577.00, up by 10.90 points or 1.93% from its previous closing of Rs. 566.10 on the BSE.
The scrip opened at Rs. 570.00 and has touched a high and low of Rs. 578.05 and Rs. 566.70 respectively. So far 27372 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 625.00 on 01-Oct-2024 and a 52 week low of Rs. 448.00 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 578.05 and Rs. 514.90 respectively. The current market cap of the company is Rs. 43310.06 crore.
The promoters holding in the company stood at 32.52%, while Institutions and Non-Institutions held 51.86% and 12.28% respectively.
UPL and CH4 Global have signed a strategic partnership agreement that aims to bring the latter’s methane-reducing feed supplement to millions of cattle per day. Under the multi-phase, multi-year agreement, the company and CH4 Global will develop a comprehensive roadmap targeting key livestock markets in India, Brazil, Argentina, Uruguay and Paraguay, which together represent more than 40% of the world’s cattle population. The collaboration will establish specific business models to distribute CH4 Global’s Methane Tamer cattle feed additive in each of these markets. The program aims to enable the livestock sector to significantly lower its emission footprint through the use of eco-friendly animal feed solutions.
The formulated supplement will integrate Methane Tamer with UPL’s existing feed formulations, leveraging the company’s deep market knowledge, customer relationships, and distribution networks in the target geographies.
UPL is global player of crop protection products has customer base in many countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.
