The shares of Pradhin Ltd. will be in focus tomorrow after the company announced the successful execution of a Rs 1 billion order, marking a significant move in the company’s growth strategy within the agro-processing sector. The order involved sourcing key commodities like Hybrid Rice, Wheat, and Millets from smaller vendors, processing them, and selling the final products such as flour and oil to larger consumers.
On Friday, the shares of Pradhin Ltd closed at Rs 48.07, over 8 per cent up from the previous trading session day. The 52 week high and low of the share is Rs 67.18 and Rs 67.18 respectively. According to the BSE analytics, the shares have given returns of just 7.42 per cent in the last 1 year.
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The company expects profit margins between 4.5% and 6.5% from this order, which signals both healthy returns and scalability potential. Pradhin has expressed plans to secure similar orders more frequently, provided they align with the company's sustainability goals, reflecting its commitment to aggressive growth in this space.
In another significant development, Pradhin announced a major import deal of aromatic chemicals worth INR 4 billion from Thailand's Python Chemical Company Limited, marking the largest order in the company's history. This transaction is a strategic step towards expanding into new markets.
Additionally, Pradhin Ltd. is in advanced discussions with Reliance Industries Ltd. for a substantial supply contract. The deal, estimated at Rs 100 crore (INR 1 billion), would involve supplying Fe 600 grade TMT Bars and Beams for Reliance's Jamnagar facility.
As per the company's filing on the exchange, As part of this new venture, the Company is in advanced discussions with Reliance Industries Ltd., one of India's largest conglomerates, to secure a significant order. The order, estimated to be worth up to INR 1 Billion (Rs. 100 Crores), involves the supply of Fe 600 grade TMT Bars and Beams to Reliance Industries' Jamnagar facility."
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)