In a new development, Aries Agro has announced that that its subsidiary. Aries Agro Care has entered into an agreement with Pradham Biotech Pvt. Ltd. The new agreement will allow Aries Agro Care to providing technology in seeds development and for seed production arrangements related to a wide range of field and vegetable crops, said the company in a disclosure to Bombay Stock Exchange.
Earlier, the company had announced a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 88.21 per cent to Rs 5.29 million from Rs 44.85 million in the same quarter previous year.
Aries Agro is into the business of manufacturing of micronutrients and other nutritional products for plants and animals.
— IndiaRetailing Bureau