Agro-commodities supplier secures Rs 150 cr contracts for key Indian regions

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Sakuma Exports Limited, a key player in the agro-commodities sector, continues to make waves with recent developments highlighting its growth trajectory and strategic vision.

बीएल एग्रो इंडस्ट्रीज की तेलंगाना में एंट्री. (सांकेतिक फोटो)

New Delhi,UPDATED: Apr 24, 2024 10:04 IST

Sakuma Exports Limited recently announced a significant milestone, securing a lucrative contract valued at approximately Rs 150 Crores for the supply of sugar to the North East, West Bengal, and Bihar regions. This deal not only strengthens the company's market presence but also underscores its commitment to meeting the rising demand for sugar in key regions across India. The strategic agreement further solidifies Sakuma Exports' position as a leading player in the agro-commodities sector.

The Rs 150 Crore deal, meticulously crafted by Sakuma Exports, encompasses a comprehensive supply agreement with various vendors, solidifying the company's supply chain network and enhancing its market reach. Under the terms of the agreement, Sakuma Exports will procure a diverse range of agricultural commodities, including sugar, pulses, and grains, from its trusted vendors.

The strategic implications of this deal are profound, as it bolsters Sakuma Exports' position as a key player in the agro-commodities landscape. By securing a consistent and reliable source of high-quality agricultural produce, the company can effectively meet the evolving demands of its customers while ensuring product integrity and adherence to stringent quality standards.

In tandem with its growth initiatives, Sakuma Exports Limited has launched a Rights Issue to raise capital for expansion and strategic investments. The Rights Issue, open from April 25, 2024, to May 13, 2024, offers 78,984,298 shares at an issue price of Rs 25.3 per share, amounting to Rs. 199.83 Crores. Shareholders on record as of April 15, 2024, are entitled to 33 Rights Equity Shares for every 98 fully paid-up Equity Shares held. The proceeds from the Rights Issue will be utilised to augment working capital requirements and for general corporate purposes, further strengthening the company's operational capabilities and supporting its growth trajectory.

Sakuma Exports Limited has consistently demonstrated resilience, agility, and strategic foresight, positioning itself as a key player in the agro-commodities sector. With a diversified portfolio of agricultural commodities and a global presence spanning regions like the USA, Asia, Africa, Europe, Australia, and the Middle East, the company has established strong relationships with reputed clients in the international trading industry. Furthermore, Sakuma Exports' certifications from FSSAI, RCMC, and APEDA underscore its commitment to quality and compliance.

The recent Rs 150 Crore contract and the launch of the Rights Issue reflect Sakuma Exports' proactive approach to growth and value creation. By capitalising on emerging opportunities and leveraging its expertise in the agro-commodities space, the company is well-positioned to drive sustainable growth and deliver value to its shareholders and stakeholders.

In conclusion, Sakuma Exports Limited's recent developments highlight its resilience, strategic acumen, and commitment to excellence. As the company continues to chart its growth trajectory, all indicators point towards a bright and prosperous future for Sakuma Exports and its stakeholders.

Published By:

Megha Chaturvedi

Published On:

Apr 24, 2024