Harshil Agrotech has received a ₹113 crore work/purchase order from Heera Merchants to supply grains and vegetables. The delivery window is within 45 days of the work-order date, in mutually agreed tranches. Payment terms include a 30% advance within seven days of order confirmation and the balance 70% against delivery and inspection (RTGS/NEFT). Logistics, including packing and transport (with cold chain for perishables), will be handled by the supplier.
What’s in the order
The product mix spans Wheat (Grade-A), Potato, Onion, Tomato (Hybrid), Fresh Green Chilli, and a Brinjal/Capsicum mix. Primary delivery points are Ahmedabad APMC and buyer-designated warehouses/cold storages. Quality and inspection will follow APMC grading and FSSAI norms, with buyer QC and weighbridge as final. The counterparty is not related to promoters or group entities.
Why it matters
Management says the order aligns with the company’s core agri trading/processing business and is expected to contribute meaningfully to near-term revenues, subject to timely execution, quality acceptance and collections as per terms.
Market reaction
Shares are likely to be in focus on the headline order value and short execution window, check the live price widget below for intraday moves.
| Metric | Detail |
|---|---|
| Order Value | ₹113.00 crore (pre-tax) |
| Product Mix | Wheat (Grade-A), Potato, Onion, Tomato (Hybrid), Green Chilli (Fresh), Brinjal/Capsicum mix |
| Delivery Window | Within 45 days from WO date, tranche-wise |
| Payment Terms | 30% advance (within 7 days of confirmation), 70% on delivery & inspection (RTGS/NEFT) |
| Delivery Points | Ahmedabad APMC & buyer-designated warehouses/cold storages |
| Logistics | Supplier-arranged, cold chain mandatory for perishables |
| Quality / Compliance | APMC grading, FSSAI norms, buyer QC & weighbridge final |
| Counterparty | Heera Merchants (unrelated party) |
Source: BSE filing, terms as disclosed by the company.
What to watch
- Execution cadence: tranche schedule and any updates on dispatches from sourcing hubs.
- Working capital rhythm: receipt of the 30% advance within 7 days and timing of the 70% post-inspection.
- Quality/acceptance: adherence to APMC/FSSAI norms, any rejections or replacements under contract terms.
A large, time-bound agri order with clear advance terms is supportive for near-term revenues if executed smoothly. Investors will track tranche deliveries, collections and any follow-on mandates from the buyer over the next six weeks.
