GRM Overseas bags order worth Rs 46.5 crore to supply premium basmati rice

29 Apr 2024 Evaluate

GRM Overseas (GRM) has received its first order from the Ministry of Agricultural, Fisheries Wealth & Water Resources, Sultanate of Oman, to supply 4,500 MT of Premium basmati rice. The order is worth Rs 46.5 crore. The government entities in MENA region opens a significant target market for GRM Overseas with around total size of 7,00,000 MT plus import of Basmati Rice. 

MENA region is the largest importer of Basmati Rice, having a lion’s share around 78% of the total exports from India in FY23, while Europe contributes 6.9% and USA plus Canada contribute 6.6% (FY23). GRM Overseas has positioned itself strategically, as 95% of its export business is to the MENA region and has established itself as among the top 5 Basmati Rice exporters in MENA region.

GRM Overseas is presently engaged in the business of processing and sale of rice.


GRM Overseas Share Price

192.55 -4.40 (-2.23%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Nestle 2163.85
Britannia Inds 4700.90
Varun Beverages 612.20
Marico 628.25
Hatsun Agro Product 1017.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.