Gurunanak Agriculture India Rises 2.35% as It Secures ₹66 Lakh Order and Appoints Distributor for Eastern India

Durg, October 24 – Shares of Gurunanak Agriculture India Limited (NSE: GURUNANAK) climbed 2.35% to ₹34.80 in Friday’s mid-session after the company announced a strategic expansion in Eastern India. The agri-machinery manufacturer has appointed M/s Naskar Fertilizer as its authorised distributor for West Bengal and Assam and received an initial order worth ₹66 lakh for three Track Combine Harvesters (TCH).

Gurunanak Agriculture India Limited is a Durg-based agricultural equipment manufacturer that produces harvesters, reapers, rotavators, and cultivators. The company is listed on NSE under the ticker GURUNANAK with a face value of ₹10 per share.

Order And Expansion Highlights

Each harvester is valued at around ₹22 lakh, inclusive of GST. The distributor has also indicated plans to procure over 20 additional harvesters during the upcoming harvest season, further strengthening Gurunanak’s growth outlook in the region. The execution timeline is given by 31 October 2025.

This development aligns with Gurunanak Agriculture’s broader vision of boosting its distribution footprint across high-potential agricultural zones while responding to increasing demand for efficient, locally manufactured farm machinery.

An Overview of the Track Combine Harvester

The company’s 7.5 ft Track Combine Harvester is one of its flagship offerings, known for affordability, mobility in muddy terrains, and energy efficiency. It is among the few such machines fully manufactured in India, contributing to domestic production and reducing import dependence.

Market Snapshot

As of 24 October 2025, the stock was closed at ₹34.90, up ₹0.90 (2.65%) from its previous close of ₹34.00. With a market cap of ₹41.76 crore and a free float of ₹13.36 crore, it operates in the Tractors & Agricultural Machinery sector and was listed on October 1, 2025, with a 52-week range of ₹29.20–₹60.00.

National and International Presence

The company has a strong domestic presence across Chhattisgarh, Odisha, Madhya Pradesh, West Bengal, Andhra Pradesh, and Maharashtra, and exports to several international markets, including Bhutan, Nepal, Sri Lanka, Ghana, Sudan, Nigeria, South Africa, and Uganda. Gurunanak Agriculture is also developing a new manufacturing shed at its Raipur facility to enhance capacity and operational sustainability.

REF: https://nsearchives.nseindia.com/corporate/GURUNANAK_23102025170656_PRESS_RELEASE.pdf

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