Sarveshwar Foods’ stock saw a 6% jump after its Singapore subsidiary, Green Point Pte. Ltd., secured a significant order of 12,000 metric tons (MT) of premium Indian Long Grain Parboiled Rice. The order, valued at ₹445 million (Rs. 44.5 Crores), was placed by Monarda Commodities Pte. Ltd., a global trade entity.
This milestone is part of Green Point’s strategy to expand its share in the rapidly growing global rice market. With a focus on high-quality rice exports, Green Point aims to generate Rs. 2,000 million in annual revenue. This aligns with Sarveshwar Foods’ broader goal of reaching ₹10,000 million (Rs. 1,000 Crores) in total revenue for the fiscal year through both domestic and international growth.
As of 9:47 am, Sarveshwar Foods shares were trading 6.09% higher at Rs 9.58 on the NSE.
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