Monday, May 20, 2024

Excel Realty N Infra Ltd. Announces Excellent Results for Q1FY23

Total Revenue turned positive YoY, and stood at Rs. 300.91 Lakhs. Total Comprehensive Income also turned positive YoY, at Rs. 99.63 Lakhs.
 
Invade Agro Ltd. has already placed an order with ERIL for supply of fertilizer for
US$ 60 Million, in the next 2 years starting from 2022.

BSE listed, Mumbai based Excel Realty N Infra Ltd, engaged into Realty and Information Technology sector has forayed into Agro Commodities by entering into
Joint Venture agreement with Sub Saharan Africa based Invade Agro Group Now the core business of ERIL is Agro Commodities and Value addition business.

According to sources,it has acquired 4 processing mills (Pulses, Rice, Soya, Sunflower). In addition, the Company will export Agro Commodities (Fertilizer; Insecticides; Pesticides & Others). Thus, the Company will focus on trading, export &
import of Agro Commodities.

Invade Agro Ltd. has already placed an order with ERIL for supply of fertilizer for
US$ 60 Million, in the next 2 years.

ERIL is also engaged in the business of IT / BPO (Business Process Outsourcing) and Customer Contact Centre based in India and business of general trading.

The statement also stated that Invade Agro Ltd. has acquired Minority Shareholding
in ERIL. Overall ERIL growth outlook for the next 5 years is bright with Organic &
Inorganic Growth.

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