Coromandel International Ltd, an agri solutions company, has increased its stake in climate-smart technology solutions firm Ecozen to 5.54 per cent, an increase of 3.13 per cent.
The company invested ₹24 crore in Ecozen through its corporate venture capital arm Dare Ventures Ltd.
“Ecozen is known for its solar-powered irrigation (Ecotron) and cold chain systems (Ecofrost) that have positively impacted the lives of over 1.80 lakh farmers in the country,” a Coromandel statement said on Monday.
“Ecozen, which registered a turnover of ₹274 crore in 2022-23, is planning to expand its offerings and market presence into Africa and South-East Asia to build climate-smart solutions for agriculture,” it said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.