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Akshar Spintex Ltd received an International Order worth Rs. 171 Cr

by Koushik Gope
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Akshar Spintex Ltd, a leading yarn manufacturer in India, has received an international order worth Rs 171 crore (US$22 million) from a globally recognized client. The order will involve the supply of high-quality yarn to various fast fashion brands.

This is a significant development for Akshar Spintex, as it will help the company to expand its global reach and increase its revenue. The company is also expected to benefit from the order by gaining access to new technologies and markets.

The order is a testament to Akshar Spintex’s commitment to quality and innovation. The company has a strong track record of providing high-quality yarn to its customers, and it is constantly investing in new technologies to improve its products and processes.

Disclosure RequirementDetails
a) Name of the entity awarding the order(s)/contract(s);Beximcorp Textiles , Tejgaon, Dhaka-1208
b) Significant terms and conditions ofSupplying 7400 MT Processed Cotton Yarn in 4 Phases
c) Whether order(s) / contract(s) have been awarded by domestic/ international entity;International entity
d) Nature of order(s) / contract(s);The Release Order has been awarded on “current Item rate Basis”.
e) Whether domestic or international;International
f) Time period by which the order(s)/contract(s) is to be executedThe work has to be completed in 4 Phases within 18 months from the date of acceptance.
g) Broad consideration or size of the order(s)/contract(s);Rs. 171 Crores (GST not applicable).
h) Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof;None of the Promoter/Promoter Group has any interest in the aforesaid work.
i) Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arms length”The aforesaid work doesn’t fall under the ambit of Related Party Transactions

Akshar Spintex is well-positioned to capitalize on the growing demand for high-quality yarn. The company has a strong manufacturing base in India, and it is committed to sustainability. The company is also expanding its capacity to meet the growing demand for its products.

The international order is a positive development for Akshar Spintex, and it is expected to have a significant impact on the company’s growth in the years to come.

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