On November 21, 2024, Bharat Global Developers Ltd. (formerly Kkrrafton Developers Ltd.) announced a major milestone for its wholly-owned subsidiary based in Dubai. The subsidiary has successfully secured prestigious orders worth AED 109 million (approximately INR 251 crores) for the processing and supply of high-value precious stones and metals. This development is expected to boost the company’s revenue pipeline and profitability.

Details of the Secured Orders

The orders entail:

• Processing and supplying precious stones: The subsidiary will handle high-value items such as diamonds, rubies, emeralds, and sapphires. These stones will be supplied to prominent wholesalers and bespoke designer jewellery boutiques.
• Refining and supplying precious metals: This includes processing metals such as gold and palladium for international clients.

The orders represent a significant step for the company, highlighting its capabilities in the global precious stones and metals markets.

Financial Highlights

• Order Value: AED 109 million (~INR 251 crores).
• Profit Margin: Estimated at 10-12% upon successful execution.
• Revenue Impact: A substantial addition to the subsidiary’s revenue pipeline, with execution spread across the coming months.

Strategic Importance

This achievement aligns with Bharat Global Developers' strategic vision to enhance its footprint in high-value sectors. The company aims to leverage its expertise to deliver value to stakeholders while meeting the growing demand for luxury products in the global market.

The orders also underscore the confidence of international clients in Bharat Global Developers' capabilities, further positioning the company as a key player in the precious stones and metals industry.

Compliance and Future Updates

This development has been communicated as part of compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The company has assured stakeholders of regular updates regarding the progress and successful completion of these orders.

Conclusion

The secured orders reflect Bharat Global Developers' growing prominence in the global luxury segment and its ability to capitalize on emerging opportunities in the jewelry and metals markets. With a strong profit margin expectation and strategic focus on enhancing international presence, the company is poised for substantial growth in the coming months.

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