Auri Grow India Launches AI Carbon Platform, Targets ₹50 Crore Revenue

AGRICULTURE
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AuthorKavya Nair|Published at:
Auri Grow India Launches AI Carbon Platform, Targets ₹50 Crore Revenue
Overview

Auri Grow India launches 'CarbonKrishi', an AI-powered agritech platform to onboard one lakh farmers and generate significant revenue from carbon credits. The company also secured a potential 24% stake acquisition by Luminary Crown Ltd at a premium, signaling strong investor interest in its diversification into sustainability and agri-tech.

AI-Powered Carbon Credit Platform Launched

Auri Grow India Ltd has officially launched CarbonKrishi, its new AI-enabled carbon credit agritech platform. This move marks a significant entry for the company into the rapidly expanding carbon credit and ESG market.
The platform aims to enlist approximately one lakh farmers. It's projected to generate between ₹16 to ₹50 crore annually in gross carbon credit value, dependent on verification processes and prevailing global market prices.

Technology and Farmer Benefits

CarbonKrishi is engineered to encourage farmers in adopting sustainable agricultural practices. These include enhancing soil carbon, optimizing fertilizer use, practicing crop rotation, organic cultivation, and water-efficient farming methods.
The platform utilizes advanced AI analytics, satellite imagery, and extensive crop and soil data, alongside digital reporting. This technological integration allows for precise estimation of farm-level carbon impact and facilitates participation in international carbon markets.

Revenue Projections and Investment

Auri Grow anticipates earning ₹3 to ₹10 crore annually from carbon credits through platform participation or commission fees ranging from 20-30 percent. These figures are preliminary and hinge on farmer adoption, successful verification, and carbon price fluctuations.
Separately, Auri Grow has accepted a proposal in principle from Hong Kong-based Luminary Crown Ltd to acquire up to a 24 percent equity stake. The acquisition would occur at an indicative price of ₹2 per share, subject to necessary approvals, offering a substantial premium over the current market price.

Strategic Expansion and Financial Turnaround

The collaboration with Luminary Crown may extend to rice aggregation, processing, and exports, alongside hydroponics and aeroponics projects estimated to cost ₹55 crore with significant revenue potential. This aligns with Auri Grow's strategic shift towards a technology- and sustainability-driven agri business, building on its recent financial turnaround from losses to profitability.

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