Deals7 Nov 2024, 03:12 am
IGC Industries Secures Rs. 16 Crore Orders for Chana Dal and Toovar Dal
AI Summary
IGC Industries Ltd, a prominent player in the agro-products industry, has announced the receipt of purchase orders worth Rs. 16 Crore for the supply of Chana Dal and Toovar Dal. The orders are from Galaxy Echo Industries Private Limited and are expected to contribute positively to the company's revenue and profitability for the current financial year. The expansion will be financed through a mix of internal accruals (Rs. 7 Crore approx.) and debt (Rs. 3.5 Crore approx.).
Key Highlights
- IGC Industries secures orders worth Rs. 16 Crore for Chana Dal and Toovar Dal
- Orders received from Galaxy Echo Industries Private Limited
- Expansion to be financed through a mix of internal accruals and debt
- Expected to contribute positively to revenue and profitability for the current financial year
- Compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015