Insecticides India bags prestigious GLP Certification by DST, Govt of India; stock climbs ~3%

8 Jul 2022 , 09:39 AM

Insecticides (India) Limited (IIL), the country’s leading crop protection company, has received the prestigious GLP (Good Laboratory Practice) compliance certification for one of its Research Labs in Chopanki, Rajasthan, from the National Good Laboratory Practice (GLP) Compliance Monitoring Authority (NGCMA) of the Department of Science & Technology (DST), Government of India.

This is a highly coveted accreditation that has only been granted to 51 labs in India so far. The IIL lab in Chopanki, Rajasthan, is now the 52nd in India to receive this certification.

Insecticides (India) Limited’s three QA (Quality Assurance) Labs & QC (Quality Control) at Chopanki, Dahej, and Samba have previously given recognition by the National Accreditation Board for Testing and Calibration Laboratories (NABL), which reflects on company’s adherence to the standards and process to bring out best quality products.

NABL is Mutual Recognition Arrangements (MRA) signatory to ILAC as well as APAC that accredits Testing and Calibration Laboratories (ISO/IEC 17025). Such MRA minimize the technical barriers to trade and facilitates the acceptance of test/ calibration results between countries that MRA partners represent.

Today, IIL has four distinct streams of cutting-edge R&D facilities in various locations, including new product discovery, backward integration, new combinations and formulations, and biologicals.

So far, IIL has been granted 13 product patents and 4 process patents, with another 12 patents in the works. In addition, the company recently received two significant patents for novel agrochemical compounds.

At around 9.42 AM, Insecticides India was trading at Rs914.75 up by Rs24.5 or 2.75% from its previous closing of Rs890.25 on the BSE. The scrip opened at Rs894.70 and has touched intraday high and low of Rs920.45 and Rs892.20 respectively.