Auri Grow India Ltd launches AI powered Carbon Credit Agritech Platform, CarbonKrishi. Aims to onboard 1 lakh farmers
The initiative aims to help farmers to enable sustainable practices, potentially generating Rs. 16–50 crore annually in carbon credit value
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Highlights:-
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Indore, Madhya Pradesh: 06 January 2025: Auri Grow India Ltd (NSE - AURIGROW), company in high-growth agriculture, agri-technology and export-oriented enterprise has announced the launch of CarbonKrishi, an AI-enabled carbon credit platform, marking the company’s strategic entry into the rapidly expanding carbon credit and ESG ecosystem. Under the initiative, company aims to onboard approximately 1 lakh farmers with estimates of generating carbon credits worth Rs. 16-50 crore annually.
Additionally, company has accepted, in principle, a strategic proposal of Hong Kong-based Foreign Institutional Investor, Luminary Crown Ltd for acquisition of up to 24% equity stake at an indicative price of Rs. 2 per share, subject to regulatory approvals and final structuring. Share price on 6 January is Rs. 0.75. The proposal does not involve board representation or management control. The Company is evaluating permissible transaction structures, including rights issues, institutional placements, or market-based acquisitions.
CarbonKrishi initiative represents a key step in Auri Grow’s business transformation, leveraging technology and sustainability to create new, scalable revenue opportunities while enhancing farmer incomes. CarbonKrishi is being developed using AI analytics, satellite imagery, crop and soil data, and structured digital reporting systems to estimate farm-level carbon impact.
Company aims to onboard approximately 1 lakh farmers, particularly across agriculturally intensive regions that could generate Rs. 16–50 crore of gross annual carbon credit value, subject to verification outcomes and prevailing global carbon prices. At an indicative platform participation or commission share of 20–30%, this could translate into Rs. 3–10 crore of potential annual revenue for the Company from carbon credits. The company has clarified that these figures are indicative in nature and subject to multiple variables.
Mr. Pratik Kumar Patel, Director, Auri Grow India Ltd, said, “This initiative marks a pivotal step in Auri Grow India Limited’s evolution toward a technology- and sustainability-driven agri platform. Through CarbonKrishi, our objective is to empower farmers to unlock meaningful incremental income by adopting climate-positive and sustainable farming practices, while simultaneously creating a scalable, asset-light revenue stream for the Company. By leveraging AI, data analytics, and globally recognised verification frameworks, we aim to integrate Indian agriculture into the global carbon credit ecosystem. While the opportunity is still evolving, we believe this platform positions Auri Grow to participate in long-term ESG-led value creation for farmers, partners, and shareholders alike.”
The global carbon credit market is witnessing strong momentum, driven by increasing regulatory requirements and corporate Net-Zero and ESG commitments. Agriculture is emerging as a significant but under-utilised contributor to carbon credits through practices such as soil carbon enhancement, optimised fertiliser usage, crop rotation, organic cultivation, and water-efficient farming. Through CarbonKrishi, Auri Grow aims to monetise these sustainable practices via a technology-led, asset-light platform model.
The Board has authorized the management to evaluate various permissible modes of acquisition / investment, which may include, but shall not be limited to Rights issue, Qualified Institutions Placement (QIP), Preferential allotment, Open market transactions or any other method permitted under applicable laws and regulations. The final structure, if any, shall be determined after considering regulatory requirements, market conditions, shareholder interest and commercial feasibility.
For FY24-25, company has reported sales of Rs. 175.55 crore as compared to sales of Rs. 16.76 crore in FY23-24, 10 fold growth. Net profit of the company in FY25 also increased to Rs. 7.17 crore as against net profit of Rs. 51 lakh in the corresponding period last year.
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Letter of Intent from Hong Kong based FII, Luminary Crown Ltd
The LoI proposes the acquisition of up to 24% equity stake in Auri Grow India Ltd on a fully diluted basis at an indicative price of Rs. 2 per equity share. Current share price on 30 December is Rs. 0.80. The proposed investment is envisaged through a primary issuance by way of preferential allotment, s ubject to applicable regulatory, statutory and shareholder approvals.
Key aspects of LOI also includes participation in the board, strategic expansion in to rice processing & exports, hydroponics & Aeroponics Farming, Organic farming among others.
Strategic Business Collaboration Initiatives of Letter of Intent includes:-
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