May 24: Despite logistics and other challenges posed by COVID 19 lockdown HIL (India) Limited a PSU under Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers is in the process of production and supply of 25 MT Malathion Technical for supply to locust control programme to Iran under Government to Government arrangement. Union Ministry of External Affairs (MEA ) has approached HIL for manufacturing and supply of the said commodity to Iran.
Credit rating of Central PSU upgraded to BBB- from BB.which is a stable investment grade. The Company has exported 10 MT of fungicide – Mancozeb to Latin American country, Peru and another 12 MT will be exported in next one week.
During the lockdown period till 15th May 2020, HIL produced 120 MT of Malathion Technical, 120.40 MT of DDT Technical , 288 MT of DDT 50%, , 21 MT of HILGOLD (Water Soluble Fertilizer), 12 MT of Mancozeb Fungicide for Exports and 35 MT of different agrochemical formulations so that farming community and health department may not feel the heat of lockdown.