Shares of Spright Agro Ltd soared 4% on 14 October after the corporate introduced securing a year-long contract that entails supplying seeds at mounted quarterly charges.
The contract between Spright Agro Restricted and Naadir Merchants Non-public Restricted is value Rs. 283,77,87,500 (roughly Rs. 283.77 crores) for the supply of oilseeds in FY 2025-26. The settlement units mounted pricing and amount targets for 5 totally different kinds of oilseeds, with quarterly deliveries scheduled all year long.
Listed here are the principle product particulars:
- Pure soybean oil seeds: 3,275 MT at Rs. 45.50 per kg, for a complete of Rs. 14,89,62,500.
- Celastrus Paniculatus (Malkangani) Oil Seeds: 205 MT at Rs. 155.00 per kilogram, value Rs. 3,17,75,000.
- Dry Seeds Pure Alsi (Flax Seeds): 1,825 MT at Rs. 70.00 per kilogram for a complete of Rs. 12,77,50,000.
- Black Sunflower Oil Seeds: 740 MT at Rs. 98.00 per kilogram, totalling Rs. 7,25,20,000.
- White Hulled Sunflower Seeds: 910 MT at Rs. 205.00/kg, totalling Rs. 18,65,50,000 every consignment; 5 consignments are scheduled.
The contract permits for as much as ±5% flexibility within the quantity per cargo based mostly on seasonal differences. Deliveries are exempt from GST as a result of they’re agricultural merchandise. This association is a non-related, arm’s-length industrial transaction that’s anticipated to significantly profit Spright Agro Restricted’s profitability and operational stability this yr.
At 1:30 pm, the shares of Spright Agro have been buying and selling 4.12% greater at Rs 1.01 on NSE.
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