Shri Bajrang Alliance stock zooms 7% after signing contract with Abu Dhabi-based LULU Group International

29 Jun 2022 , 01:46 PM

Shri Bajrang Alliance Limited (GOELD) have signed the contract with LULU Group International LLC, Abu Dhabi for supply of GOELD Frozen Food Items in their middle East Markets (UAE, KSA etc.) and also through their Indian network.

The Purchase orders for the first 2 lots have been received, the company said.

As per the filing, LULU GROUP INTERNATIONAL (LuLu Group) is a highly diversified conglomerate with successful business entities in strategic locations wortdwide Founded by the acclaimed business visionary Yusuff Ali M.A, LuLu Group has become a key contributor in the Gulf region’s economic standing with an annual turnover worth USD 8 billion.

Headquartered in Abu Dhabi, the capital of the United Arab Emirates, it is a wholly-renowned purveyor of an international business portfolio that ranges from hypermarket operations to shopping mall development, manufacturing and trading of goods, hospitality assets, and realestate. LuLuGroup mainly operates in 22 countries located across the Middle East, Asia, Us and Europe.

At around 1:51 PM, Shri Bajrang Alliance was trading at Rs177.70 per share higher by 7.21% on the BSE.