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Amira Nature Foods announcement


2019-06-15

Amira Nature Foods Ltd, a global provider of packaged Indian specialty rice, has announced a new contract to supply rice to a customer in the EuropeMiddle East, and Africa (EMEA) region in the amount of US$6 million. The Company expects to recognize the benefit of this contract in the 2020 fiscal year ending March 31, 2020. “We are extremely pleased to announce this development, which along with our previously announced customer orders, amounts to over US$57mn in revenue. This equates to securing 29% of our forecasted US$200mn of FY2020 revenue just 63 days (17%) into the fiscal year”, stated Karan A. Chanana, Amira’s Chairman, the company reported.