Investor Relation

Our Path to a Greener Future: 2023 Sustainability Report Now Available

We're thrilled to announce the launch of our 2023 Sustainability Report, which showcases our dedication to sustainable sourcing and carbon-smart peanut farming practices. Through this report, we share our journey of collaborating with over 25 Farmer Producer Organizations (FPOs) to responsibly source from 31,182 acres of farmland. A highlight of our efforts includes the use of biochar (charcoal from organic materials) to enhance soil health and sequester carbon, reducing our carbon footprint in every harvest. Committed to both environmental and economic resilience, we are setting new standards in the peanut industry by prioritizing eco-friendly farming practices that benefit our farming communities and the planet. This report embodies our ongoing vision for a sustainable, climate-resilient future in agriculture.

Check out our Report : https://issuu.com/agrocrops.com/docs/agrocrops_sdg_report_-2023

Agrocrops enters large-scale commercial peanut farming with FPO contracts

Agrocrops has signed an MoU with farmer producer organisations for larger-scale peanut farming. Through this MoU, Agrocrops and its agronomist team will offer farm inputs and POP (package of practices), and purchase the harvested peanut produce from the farmers at an agreed price and a premium – if the quality exceeds certain benchmarks.

Agrocrops’ FPO contracts are aimed at generating sustainable earnings for smallhold farmers.

Spices Board of India recognises Agrocrops as a top performer for chilli exports

As one of the year’s top chilli exporters, Agrocrops has been awarded a prestigious accolade. The award was presented by the Spices Board of India under the Ministry of Commerce, and recognises us for having exported one of the largest quantities of chilli from India this year, at 8,100 tons.   

We want to extend a big thank you to the team who worked so hard to achieve this accolade, dedicating their time and expertise across all the chilli-growing regions. 

Agrocrops procures land banks across the Southern states to develop peanut belt.

Agrocrops has procured land banks across the states of Andhra Pradesh, Karnataka, and Tamil Nadu to develop peanut factories in the greenbelts of these peanut-growing regions. Agrocrops will make these processing units captive and they will also be shared with the local farming and shelling community.

This will help them to reduce process waste and help to increase education and awareness of high-level technology for peanut processing. Plus, how to effectively handle post-harvest management.

These factories will focus on the sustainable development of the peanut industry, right in the peanut heartlands.

Agrocrops expands peanut processing capacity

Agrocrops has expanded its peanut processing capacity by installing an American-style shelling unit in Karnataka, India. Karnataka produces 5% of the Indian peanut harvest. It’s also renowned for producing one of the best-quality Spanish peanuts in India, with supplies of around eight months every year.

With this new resource, Agrocrops will be able to supply peanuts of the highest quality and lowest aflatoxin content, with an even higher level of production capacity.

Agrocrops kicks off rural water conservancy development project

Agrocrops launched this exciting new initiative to build village ponds that will aid water conservancy for seven villages representing a total population of 1,500 people. This project set to cost two million rupees will be funded mostly by Agrocrops, with some donations from helpful associates.

The project has sustainability features such as rainwater harvesting that hold a world of promise for rural water accessibility.

Agrocrops’ First Peanut-Centric Sustainability Report

Agrocrops published its pioneering peanut-centric sustainability report, marking a pivotal moment in our 55-year journey from humble Indian roots to global prominence. The comprehensive report delves into our evolution, industry collaborations, certifications, and stakeholder engagement. Prioritizing sustainability, we align with UN SDGs and UNGC COP, reporting scope 1 & 2 emissions and outlining impactful initiatives. This industry-first initiative sets an unparalleled standard, emphasizing our commitment to shaping the future of sustainability within the peanut sector. Next year, our focus expands to Scope-3 emissions, a net-zero roadmap, and strategic collaborations for climate resilience, further solidifying Agrocrops' position as a trailblazer in sustainable business practices on a global scale.

Agrocrops gets US EXIM Bank financing worth US$1.6 million.

Agrocrops has progressed its investment plan into American technology to process peanuts across India and beyond. We’ve secured funding from the US EXIM Bank via PNC Bank. The project is costing Agrocrops a total of US$4 million, which includes funding from an Indian bank and an American bank.

The project is set to give Agrocrops increased strength in the greenbelt of the peanut-growing regions, especially the small-hold farmers. The factory is spread across 17 acres of land, with a capacity of 10 tons per hour of shelling. We plan to share this resource with local shellers and farmers, who need the assistance of high-tech machines and our processing expertise.

Agrocrops contributes 2.3 million rupees towards flood and food relief following the Tamil Nadu storm

Agrocrops has contributed to the storm-affected regions of Tamil Nadu, which have suffered from heavy rainfall generated by the annual north-east monsoon. We contributed drinking water, blankets, food, and medicine that amounted to a total of 2.3 million rupees, distributed evenly across the affected regions by all Agrocrops employees.

Despite enduring the hardship of the storm ourselves, we were able to help many people.