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UPL Ltd.

BSE: 512070 Sector: Agri and agri inputs
NSE: UPL ISIN Code: INE628A01036
BSE LIVE 15:40 | 18 Dec 711.00 -8.15
(-1.13%)
OPEN

719.15

HIGH

720.60

LOW

695.00

NSE 15:30 | 18 Dec 710.05 -7.75
(-1.08%)
OPEN

714.50

HIGH

720.40

LOW

687.50

OPEN 719.15
PREVIOUS CLOSE 719.15
VOLUME 158263
52-Week high 902.00
52-Week low 605.75
P/E 91.86
Mkt Cap.(Rs cr) 36,144
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 719.15
CLOSE 719.15
VOLUME 158263
52-Week high 902.00
52-Week low 605.75
P/E 91.86
Mkt Cap.(Rs cr) 36,144
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

UPL Ltd. (UPL) - Company History

United Phosphorus Ltd is a global generic crop protection chemicals and seeds company. The company is engaged in the business of agrochemicals industrial chemicals and chemical intermediates. They operate in three segments: agro chemical industrial chemicals and others. The agro chemicals segment consists of agrochemicals technicals and formulations. The industrial chemicals segment consists of industrial chemicals and speciality chemicals. The others segment consists of traded products. The company has also got a captive power plant in Jhagadia.The company offers a range of products that includes insecticides fungicides herbicides fumigants plant growth and regulators and rodenticides. They have 23 manufacturing sites which includes nine in India four in France and two in Spain. They operate in every continent and have a customer base in 123 countries with their own subsidiary offices in Argentina Australia Bangladesh Brazil China Canada Denmark France Germany Hong Kong Indonesia Japan Korea Mauritius Mexico New Zealand Russia Italy Turkey Spain South Africa Taiwan USA UK Vietnam Zambia Shanghai Columbia and Netherland.United Phosphorus Ltd was incorporated on January 2 1985 with the name Vishwanath Commercials Ltd. In February 1985 the company went to public. In February 1994 R.D. Shroff along with his family and investment companies acquired 78.61% of the equity capital of the company and changed the company name to Search Chem Industries Ltd in 24 February 1995. In March 1995 the group reorganized the shareholding and as a result United Phosphorus Ltd acquired 75% of the equity capital of Search Chem Industries Ltd from the family and investment companies of R. D. Shroff. Subsequently in August 1995 UPL acquired further 11560 shares thereby resulting in total holding of 79.72%. As a result the company has become the promoter of the company. After the takeover the company changed their business of trading in shares/debentures and had entered into the chemical business. In September 30 2003 the manufacturing division of UPL was transferred to the company and the name of the company was changed from Search Chem Industries Ltd to United Phosphorus Ltd. In the year 2004 the company acquired 20% stake in Cropserve a company based in South Africa. Also they signed an agreement to acquire registration for production of Lenacil and Chloridazon from Agricola for UK France and Italy. In the year 2005 the company acquired the CEQUISA and REPOSO S.A.I.C Argentina. They signed an agreement with Biocentury of China along with Nath Biogene (I) Ltd for transfer of technology related to Bt cotton. During the year 2005-06 the company made their first acquisition in Indian market in the form of SWAL Corporation Ltd which engaged in dealing in agrochemicals and fertilizer mixtures. Also they acquired Advanta Netherlands a leading supplier of seeds and seed technologies to farmers and other industrial and non-industrial consumers etc. During the year 2006-07 the company acquired three products from Bayer Crop Science AG Germany. This resulted in broadening the product portfolio of the company. The company purchased the global Propanil herbicide business from Dow Agro Science LLC. Also they purchased methyl business including Londax herbicide and all mixtures from DuPont Bensulfuron. Also they acquired all the shares of Cerexagri group of companies which specializes in manufacture of fungicides. In July 2007 the company through their UK subsidiary tookover the 100% stake in ICONA and ICONA San Luis S.A. (ICONA) a manufacturer and distributor of crop protection products headquartered in Buenos Aires Argentina.In February 2008 the company purchased 100% stake in the Evofarms group of Companies (Evofarms) a major Marketing company of generic products in the crop protection industry headquartered in Bogota Colombia. During the year 2009-10 the company expanded the installed capacity of Industrial Chemicals from 39600 Tonnes to 42684 Tonnes. Also they expanded the installed capacity of Pesticides from 110608 Tonnes to 138428 Tonnes.During the year 2010-11 the company acquired the global non-mixture Mancozeb fungicide business and related assets from DuPont including existing inventory manufacturing and formulation production facilities in Barranquilla Colombia. This includes rights to registered brands for non-mixture mancozeb products trademarks as well as registrations and supporting regulatory data for those products which include Manzate brand fungicides.During the year the company acquired RiceCo LLC USA along with their subsidiaries and certain assets of the international business of their affiliate company. In April 4 2011 the company through their subsidiary purchased 50% stake in Sipcam Isagro Brasil SA earlier held by Isargo S.p.a. the Italian group. In July 26 2011 the company acquired a 51% stake in DVA Agro Do Brasil (DVA Agro Brazil) a Brazilian company from DVA Group Germany and other shareholders. In January 2012 as per the scheme of amalgamation the company's overseas subsidiary United Phosphorus Ltd (Mauritius) amalgamated with the company with effect from July 1 2011.In 2012 the company acquires 100% Stake in SD Agchem Europe. In 2013 name of United Phosphorous Ltd. was changed to UPL Ltd. In 2014 UPL Mexico receives ESR Award. In 2015the company enteres into an agreement to subscribe to 40% Shares in Sinagro Group a Brazilian Company in the State of Mato Grosso. UPL Ltd through its subsidiary has completed the transaction to acquire 40 per cent in the Sinagro Group a Brazilian company. During the year the company approved amalgamation of Advanta with itself.