Sarveshwar Foods Limited has informed the Exchange about JKHPMCSigns MoA with Sarveshwar Foods Ltd for Development of Basmati Rice Clusters in Jammu Region under HADP amounting to 197.29 crores aiming to transform the basmati value chain in Jammu and Kashmir.
SARVESHWAR · price
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Sarveshwar Foods Limited has signed a Memorandum of Agreement (MoA) with J&K Horticulture Produce Marketing & Processing Corporation (JKHPMC) to develop Basmati Rice Clusters in the Jammu region. The project, valued at ₹197.29 crores, will operate under the Horticulture Development Action Plan (HADP). The partnership aims to strengthen and transform the basmati rice value chain in Jammu and Kashmir. This falls within Sarveshwar Foods' core business of basmati rice processing and exports. The collaboration brings together a private agri-food company and a government-backed corporation.
Positive for Sarveshwar Foods as it secures a large ₹197.29 crore project, expanding its basmati rice footprint into Jammu & Kashmir and potentially boosting future revenues. For investors, this signals growth in the company's core basmati business through a government-backed partnership.