Akshar Spintex completes international order worth Rs 1.71 billion
The company said that the fulfilment of such a sizable international order would contribute to enhancing its global market presence.
Akshar Spintex Ltd has announced that it has completed a substantial international order valued at Rs 1.71 billion. According to the company, it received the order last year and that has bolstered the company's financial numbers.
"The order has also solidified the company's position as a reliable and preferred supplier in the textile industry. With this successful completion, Akshar Spintex Ltd is poised to reap the benefits of enhanced revenue and profitability in the current fiscal year," it said in a release.
Recognizing the cotton shortage in several Asian countries, Akshar Spintex Ltd is strategically positioned to capitalize on the growing demand for cotton yarn products.
Meanwhile, Akshar Spintex Ltd is focusing on sustainability and operational efficiency with projects like the installation of a solar ground-mounted system and others. The company anticipates annual cost savings of 8.00 to 9.00 crore rupees from this solar initiative.
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