• Corporate / Business

Akshar Spintex Ltd. Bags International Order Valued at INR 1.71 Billion

• nationalherald
• November 22, 2023

Akshar Spintex Ltd. is delighted to announce a significant achievement for the company, underscoring its unwavering commitment to growth and excellence in the textile industry. This milestone involves the supply of high-quality yarn to various fast fashion brands through a globally recognized client, renowned for its association with prestigious fashion labels.

The total value of this international order stands at Rs. 171,17,50,000. This considerable order serves as a testament to the global acknowledgment of the quality, reliability, and competitiveness of Akshar Spintex Ltd.’s products in the international textile market.

This development carries several strategic advantages for the company:

The company’s revenue growth is poised for a substantial boost, further reinforcing its financial stability. The order not only contributes significantly to its top-line but also underscores the resilience and competitiveness of its offerings.

Securing international orders strengthens the company’s market presence, positioning Akshar Spintex Ltd. as a preferred supplier on the global stage. This enhanced market positioning opens avenues for future growth and collaborations within the international textile market.

The company further added, “Our ability to meet and exceed international demand showcases the efficiency, reliability, and robustness of our operational processes.

We interpret this achievement as a manifestation of the trust and confidence our clients place in Akshar Spintex Ltd. It marks a crucial step toward sustained success in the global textile landscape, and our commitment remains steadfast in creating enduring value for our shareholders and maintaining positive momentum in our business operations.

We express our sincere gratitude for the continued support and trust from our shareholders and the broader investment community. As we move forward, we are confident that the positive momentum generated by strategic initiatives will propel continued growth and prosperity for Akshar Spintex Ltd.”

The securities of the company are listed on both BSE (BSE: 541303) and NSE (NSE: AKSHAR).