Bharat Global Developers shares locked at 5% upper circuit; Company secures ₹650 crore supply contract with Tata Agro

Shares of Bharat Global Developers Ltd (BGDL) hit an upper circuit of 5% on December 11, trading at ₹1,073.50, following the announcement of a significant ₹650 crore annual supply contract with Tata Agro & Consumer Products.

Under this agreement, BGDL’s Agro Division will supply a range of premium agricultural commodities, including tea leaves, coffee beans, organic pulses, coconuts, groundnuts, mustard seeds, sesame seeds, and dry fruits like almonds, cashews, and walnuts. The contract will be executed throughout the year in a phased manner, ensuring timely delivery and adherence to stringent quality standards.

This partnership with Tata Agro is expected to boost BGDL’s financial performance, contributing margins of 11% to 14% from the contract. It aligns with the company’s vision of expanding its footprint in the agricultural sector while diversifying its revenue streams. The company also emphasized its robust order book, now exceeding ₹1,500 crore, including collaborations with Reliance Industries and McCain India Agro, positioning BGDL for sustained growth.

The announcement highlights BGDL’s commitment to delivering quality agricultural solutions, driving innovation, and strengthening its market position. The contract is seen as a strategic step in enhancing operational efficiency and market credibility.