Bharat Global Developers Bags Rs 3 Bn Contract With McCain India Agro; Plans Expansion

Bharat Global Developers Ltd. (BGDL) (BSE: 521238), a sustainable energy and engineering solutions provider has broken a landmark order amounting to INR 3 billion from McCain India Agro Pvt Ltd. Under BGDL's AgriTech Division's order of 200,000 tonnes of Kufri Ashoka potatoes, BGDL will deliver this agricultural product within six months, thus achieving a significant milestone in its agriculture initiative.

With this contact of McCain India, BGDL counters its scope in India's agriculture sector which increases the company's prospects as a reliable supply chain partner. The development positions BGDL as a successful entity in the industry which enhances its turnover and communication strategy and broadcasts further penetration in the high-growth sectors. In summary, BGDL is targeting these sectors strategically.

In keeping with its strategy of diversification, the BGDL has also incorporated six new subsidiaries whose activities are directed towards major industries that are contributing to the sustainable development of India. It is anticipated that these subsidiaries will enhance the growth of BGDL, riding on increased market needs and government initiatives in the areas such as energy, agriculture, defense, among others. The new subsidiaries include:

1. Bharat Global Green Energy Pvt Ltd

This subsidiary works with a specialization in solar and wind as well as hybrid projects consistent with 50% of India's energy requirements being met by non-fossil fuel sources by the year 2030. The firm is looking for possibilities to satisfy India's increasing energy requirements and participate in the restructuring of the energy mix in the country. The market for renewable energy sources is expected to have an annual growth rate of about 10% in the international market and BGDL will benefit tremendously with growth in the green energy transition.

2. Bharat Global ImPex Pvt Ltd

This trading arm specializes in textiles, consumer goods, and necessity goods taking advantage of the estimated 12% CAGR of the Indian textile industry. Bharat Global ImPex Pvt Ltd. now has an opportunity to take advantage of the expanding domestic market as well as the export opportunities.

3. Bharat Global Aerospace & Defence Pvt Ltd

In line with India's 'Make in India' program, this subsidiary focuses its efforts on the aerospace and defence industries which are anticipated to reach INR 5 lakh crores by the year 2030. Acknowledging the threat of growing defense technology imports BGDL participates here by providing indigenous solutions which are in high demand.

4. BGDL's recent changes in growth patterns strengthen its aim of looking to add new sources of revenue and prepare the company at the very least for the medium term. Each and every new activity forwards BGDL's objectives of contributing to the sustainable development of key sectors, building shareholder wealth and participating in the improvement of India with little regard to its ecology.

Being a diversified company Bharat Global Developers Ltd. actively supports the development of clean technologies energy agriculture defence engineering areas capable of providing the basis for new and sustainable development.