Crystal Crop Protection eyes 15% jump in revenue to Rs 2,600 cr this fiscal

Agro-chemicals firm Crystal Crop Protection Ltd is expecting 15 per cent growth in its turnover this fiscal to around Rs 2,600 crore on better sales, its MD Ankur Aggarwal said. The Delhi-based company last week raised Rs 300 crore from IFC to fund its expansion and growth plans. "We will utilise the fund for future growth including capacity expansion of existing plants, and working capital requirements," he told PTI. Crystal Crop, which has seven manufacturing plants across various states, posted a turnover of Rs 2,283 crore during the previous financial year. "We are expecting the revenue to reach around Rs 2,600 crore this fiscal year," Aggarwal said, when asked about the outlook. The sales in rabi (winter sown) season are expected to be strong because of the late monsoon, he added. On acquisition of new brands, Aggarwal said the company keeps looking for suitable opportunities in regular course of business. To expand its business, Crystal Crop has made nine acquisitions to d

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