Rajoo Engineers Limited bags high value order from one of leading European manufacturers of farm machinery & equipment

Rajoo Engineers limited (BSE: 522257), amongst leading plastic extrusion machine manufacturers in India, with nearly 36 years of "excellence in extrusion" in the industry, has bagged business worth Rs. 31 Crore from one of the leading manufacturers of farm machinery & equipment based out of Europe.

At Rajoo, in line with our diversification strategy, we have forayed into different high growth sectors like Agriculture and Renewable energy. According to a McKinsey report, food and agribusiness form a $5 trillion global industry that is only getting bigger. If current trends continue, by 2050, caloric demand will increase by 70 percent, and crop demand for human consumption and animal feed will increase by at least 100 percent. To meet this demand, companies in the agriculture industry are increasing their efforts to strengthen their supply chains. Usage of silo bags is just one of the steps in that direction. The silo bags are without a doubt the ideal choice which stores the grains and forages in a safe, economical and profitable way for longer period of time. Decades of experience in extrusion technology helped us create solution for the silo bag (tube) marketplace.

This innovative solution represents our ongoing commitment to provide the agriculture industry with state of the art equipment that enhances efficiency and product quality. The film produced on the machine will be used in Agriculture sector to improve the life span of the grains by offering solution for storage. Offering customized solution tailored to specific customer needs can be a valuable opportunity in the agriculture sector and this is where Rajoo comes in.

We at Rajoo have a long-standing reputation for delivering industry-leading solutions and exceptional customer service. As an organization dedicated to innovation and continuous improvement, Company remains committed to supporting its customers throughout the entire lifecycle of the machinery, including installation, training, formulation development, infrastructure need and ongoing technical assistance.

Shares of RAJOO ENGINEERS LTD. was last trading in BSE at Rs. 37.35 as compared to the previous close of Rs. 37.42. The total number of shares traded during the day was 199428 in over 772 trades.

The stock hit an intraday high of Rs. 37.90 and intraday low of 35.10. The net turnover during the day was Rs. 7317451.00.

Source : Equity Bulls

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