Business Update14 Oct 2024, 06:13 pm
Harshil Agrotech Limited Accelerates Growth Through Major Acquisition and Entry into Trading Sector
AI Summary
Harshil Agrotech Limited (HAL) has finalized a major acquisition, expanding its agricultural operations on 705 Bigha of land. The company is also entering the trading sector, focusing on fruits and vegetables, with an initial concentration on trading apples from Jammu and Himachal Pradesh. The anticipated trade volume of 875 MT for the current quarter is expected to positively impact revenue growth and profit margins. HAL is projected to reach a revenue of approximately 105-115 crore for the fiscal year 2024-2025.
Key Highlights
- HAL has finalized a major acquisition to expand its agricultural operations.
- The company is entering the trading sector, focusing on fruits and vegetables.
- The initial concentration is on trading apples from Jammu and Himachal Pradesh.
- The anticipated trade volume is 875 MT for the current quarter.
- HAL is projected to reach a revenue of approximately 105-115 crore for the fiscal year 2024-2025.