Pumps Industry

Published: Aug 31, 2022
Updated: Aug 31, 2022

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Integra Essentia Limited (NSE: ESSENTIA) recently received orders amounting to Rs 12 crore for supplying steel ingots to prestigious infrastructural (TOR and TMT) steel manufacturers in North India. Integra has been tirelessly working on strengthening its supply chain and has lined up the requisite sourcing and servicing of these orders from Rourkela, the Steel City of Orissa, the elite hub of feedstock materials for the steel industry. Supplies to the buyers will start immediately and will be completed within the current quarter of FY22-23.

Recently, the company also bagged substantial orders for the supply of premium dry fruits in excess of Rs 11 crore. This will help it exceed its sales target for Q2 of FY22-23.

Commenting on the development, Managing Director Vishesh Gupta said, “While pursuing a refreshed business theme, viz., ‘Life Essentials’, we are committed and focused on developing a robust business in all the targeted segments in the next 15-30 months. The management is very happy with the current status of the order book, particularly for agro products, and is targeting similar growth numbers from the infrastructural materials business very soon.” He added, “We are pro-actively exploring various options to venture into processing of new agro products, including organic agro products, and a wide range of health foods/nutrient rich products and supplements starting with dry fruits.”

Integra Essentia recently announced its acquisition of an operational rice processing facility with a substantial stake-holding through a joint venture agreement with the existing stakeholders. This rice manufacturing unit, situated in the rice bowl of North India, has an installed capacity of 21,000 mtpa of export quality rice. The company is targeting backward integration and a deeper reach in the supply chain of life-essential items via acquisitions and joint ventures.

This is with a view to having better control over quality along with better economies, and will put Integra in a stronger position to tap the potential of both the domestic and international markets.

GAMUT OF SERVICES

Integra Essentia is a Delhi-based company engaged in the business of ‘life essentials’ – among them food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development) and energy (materials, products and services for renewable energy equipment and projects).

Integra has a substantial role to play both in creating and providing effective basic life materials and services needed to update and maintain better living standards. These span a wide spectrum of business activities in agro products, health & nutrition, clothing, infrastructure products and energy needs. The company’s infrastructure products business primarily involves providing bulk materials and services for highway projects, industrial projects and commercial projects, as also for requirements under policies like ‘Housing For All’ and ‘Vibrant Villages’. Integra Essentia is promoted and managed by a core team of experts with diverse skills and experience relevant to the company’s businesses.