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Excel Realty Enters Joint Venture Agreement With Invade Agro Group, Forays Into Agro Commodities

Invade Agro Ltd. has already placed an order with ERIL for supply of fertilizer for US$ 60 Million, in the next 2 years starting from 2022.

Russia Using 'Missile Terrorism' In Wide Attacks, Claims Ukraine. (Image: AP/PTI)
Russia Using ‘Missile Terrorism’ In Wide Attacks, Claims Ukraine.

New Delhi: Excel Realty N Infra Ltd, Mumbai based company dealing with Realty and Information Technology has forayed into Agro Commodities by entering into Joint Venture agreement with Sub Saharan Africa based Invade Agro Group. From the beginning of the year 2022, the core business of ERIL will be Agro Commodities and Value addition business.

According to the statement released by the company, it has acquired 4 processing mills (Pulses, Rice, Soya, Sunflower). In addition, the Company will export Agro Commodities (Fertilizer; Insecticides; Pesticides & Others). Thus, the Company will focus on trading, export & import of Agro Commodities.

Invade Agro Ltd. has already placed an order with ERIL for supply of fertilizer for US$ 60 Million, in the next 2 years starting from 2022.

The statement also stated that Invade Agro Ltd. has acquired Minority Shareholding in ERIL. Overall ERIL growth outlook for the next 5 years is bright with Organic & Inorganic Growth. The Company Excel Realty N Infra Ltd. is a debt free company with a cash surplus of INR 170 cr.

ERIL is also engaged in the business of IT / BPO (Business Process Outsourcing) and Customer Contact Centre based in India and business of general trading.

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