BGDL Secures Rs.156 Crore UPL Agro Order
28 Nov 2024
2 Min Read
CW Team
Bharat Global Developers (BGDL), formerly known as Kkrrafton Developers, saw its stock hit an upper circuit of 5% at Rs.1,544.70 following the announcement of a Rs.156 crore order from UPL Agro, a leader in the agricultural sector. The contract involves the supply of 3,00,000 tons of oil-grade groundnuts at Rs.52 per kilogram, with phased deliveries scheduled over six months.
Order Highlights
Quantity: 3,00,000 tons of oil-grade groundnuts.
Value: Rs.156 crore.
Duration: Six months.
Quality Assurance: Deliveries will undergo rigorous quality checks to meet UPL Agro鈥檚 standards.
Strategic and Financial Significance
This order bolsters BGDL鈥檚 position in the agri-commodities sector, enhancing its credibility and market share. The company highlighted the following impacts:
Revenue Boost: Expected to significantly contribute to upcoming quarters鈥� revenue and profitability.
Liquidity Strength: Advance payment received strengthens operational efficiency and cash flow.
Strategic Alignment: Reinforces BGDL鈥檚 long-term objectives and partnerships with industry leaders like UPL Agro.
Outlook and Growth Prospects
BGDL aims to capitalize on this collaboration to unlock future opportunities in the agricultural supply chain. This contract aligns with its strategic growth roadmap and promises to create positive value for stakeholders and shareholders. The company reiterated its commitment to transparency and stakeholder engagement for sustained growth.
Recent Financial Performance
In Q2 FY25, BGDL reported:
Net Profit: Rs.10.11 crore (up 298.03% quarter-on-quarter).
Net Sales: Rs.216.35 crore (up 300.28% quarter-on-quarter).
Diversified Operations
BGDL specializes in sourcing, importing, and exporting across industries, including textiles, agriculture, and consumer goods. This order marks another milestone in its mission to strengthen its role in high-value sectors, leveraging its expertise for continued expansion.
Bharat Global Developers (BGDL), formerly known as Kkrrafton Developers, saw its stock hit an upper circuit of 5% at Rs.1,544.70 following the announcement of a Rs.156 crore order from UPL Agro, a leader in the agricultural sector. The contract involves the supply of 3,00,000 tons of oil-grade groundnuts at Rs.52 per kilogram, with phased deliveries scheduled over six months.
Order Highlights
Quantity: 3,00,000 tons of oil-grade groundnuts.
Value: Rs.156 crore.
Duration: Six months.
Quality Assurance: Deliveries will undergo rigorous quality checks to meet UPL Agro鈥檚 standards.
Strategic and Financial Significance
This order bolsters BGDL鈥檚 position in the agri-commodities sector, enhancing its credibility and market share. The company highlighted the following impacts:
Revenue Boost: Expected to significantly contribute to upcoming quarters鈥� revenue and profitability.
Liquidity Strength: Advance payment received strengthens operational efficiency and cash flow.
Strategic Alignment: Reinforces BGDL鈥檚 long-term objectives and partnerships with industry leaders like UPL Agro.
Outlook and Growth Prospects
BGDL aims to capitalize on this collaboration to unlock future opportunities in the agricultural supply chain. This contract aligns with its strategic growth roadmap and promises to create positive value for stakeholders and shareholders. The company reiterated its commitment to transparency and stakeholder engagement for sustained growth.
Recent Financial Performance
In Q2 FY25, BGDL reported:
Net Profit: Rs.10.11 crore (up 298.03% quarter-on-quarter).
Net Sales: Rs.216.35 crore (up 300.28% quarter-on-quarter).
Diversified Operations
BGDL specializes in sourcing, importing, and exporting across industries, including textiles, agriculture, and consumer goods. This order marks another milestone in its mission to strengthen its role in high-value sectors, leveraging its expertise for continued expansion.
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