Prime Fresh signs MoU with Uttarakhand government - Details

Prime Fresh Limited, a leading player in the national fruits and vegetable supply chain management sector, has signed a Memorandum of Understanding (MoU) with the Government of Uttarakhand. As part of the agreement, the company will invest up to Rs 40 crore in Uttarakhand over the next five years. 

"...propose to Invest Rs.33-40 Cr in the State of Uttarakhand over the coming 5 years to establish various value chain, end to end Agri-Business Operations related projects such as farming, rural ecosystems development, etc." the company said.  

The agriculture supply chain logistics company said that it is working on various initiatives and new projects in the fruits and vegetables supply chain business. 

"Working on various initiatives and new projects in fruits and vegetables supply chain business. From agriculture inputs selling, farming, post harvest management to market linkages & Food processing, value additions and Direct to Consumer projects," it said.

Meanwhile, the company announced unaudited Financial Results for the half-year ended on 30 September 2023. According to the company, its revenue from operations surged by 44.81 per cent from Rs 4339.60 lakh in H1FY23 to Rs 6284.03 lakh in H1FY24. 

Also, its EBITDA increased by 21.69 per cent from Rs 342.63 lakh in H1FY23 to Rs 416.93 lakh in H1FY24.