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Drone Destination partners Iffco for spraying agri products on 3 mn acres

Drone company Drone Destination on Monday said it has signed an agreement with cooperative major IFFCO for spraying agricultural products on up to 30 lakh acres of farm land. According to company officials, under the agreement Drone Destination could get paid in the range of Rs 400 to Rs 800 per acre at prevailing market rates, implying that the deal will fetch a revenue of Rs 120 crore in the lower price band and up to Rs 240 at upper price band. "We have secured a mandate for agri spray over 30 lakh acres. The prevailing market rate of such agri spray is in the range of Rs 400-800 per acre depending upon the region and the crop," Drone Destination managing director and CEO Chirag Sharma said. As part of the agreement, Drone Destination will undertake drone spray in 12 states across the country. These states include Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttrakhand. "We are elated to partner wit

Drone Destination partners Iffco for spraying agri products on 3 mn acres
Updated On : 06 May 2024 | 7:12 PM IST