HOT NEWS :28TH Sept 2005

HANIL ERA TEXTILES:Dual business & Export Orders


Hanil Era Textiles secures export order worth Rs 300 mn Source: IRIS (27 September 2005)

Hanil Era Textiles Ltd has announced that the Company has bagged a large export order worth Rs 300 million. The huge export order has come to the company from existing clients and its existing capacity can easily take care of this order. The company has three months to deliver this order, i.e. the order has to be completed by the end of Q3 (December 2005). The company is expecting more such orders in the future.

R K Agarwal, Chairman, Hanil Era Textiles, says, We have received a Rs 30 crore order and now we have a total order book position of about Rs 65 crores. This order will take up 80% of our production over the next five months.

The Company has a capacity to produce 1200-1250 tonnes of yarn per month. It has recently completed its modernization programme for spindles, and has partially commenced weaving capacity with 36 looms. This marks its entry into the lucrative market for home furnishings.


Highlights :

1.Company is largest producer of Ethanol in the country ,apart from its Textiles Business.

2.Govt approval of mixing Ethanol to Petrol makes positives for this company

3.Diwali to bring in good demand for textiles in Domestic markets ,apart from its export orders.