ANI
16 Sep 2020, 17:57 GMT+10
Ahmedabad (Gujarat) [India], September 16 (ANI/NewsVoir): BSE and NSE listed Vishal Fabrics Limited (VFL), one of India's leading manufacturers of denim fabrics, part of leading conglomerate Chiripal Group has bagged major export orders worth Rs 110 crores to be executed in the current fiscal year FY21.
The Company's export business now banquets over various geographies in Latin America, Egypt, Thailand, Vietnam, and Bangladesh. Such export orders play a vital role in the Company's growth prospects. Export orders are margin lucrative in comparison to domestic orders. Post-COVID related lockdowns; the Company has ramped up its capacity utilization.
Aforesaid export orders are processed at its state-of-the-art ultra-modern manufacturing facility located in Dholi, Ahmedabad. Further, the Company believes that existing working capital limits are sufficient to fulfil these export orders. The company has a strong order book and will continue to serve domesticglobal customers diligently.
Vishal, a premier supplier of top-quality stretch denim fabric has state-of-the-art manufacturing facility near Ahmedabad, with an installed capacity of 80 MMPA and a processing unit of 105 MMPA and supplies denim fabrics to large garment makers in the domestic market and leading global brands like HM, Emporia Armani, ZARA, Killer and many others.
"The pandemic outbreak and the consequent lockdown have led to unprecedented disruption across industries. However, we made the best use of our resources to and focused on factors in our control. We are delighted to receive substantial export orders, and it is a testimony to our successful track record and determination. Such export orders play a vital role in the Company's growth prospects. Amidst the ongoing crisis and the challenging business environment globally, we are committed to fulfil such orders comfortably. We are proud of our team, which has worked diligently and remain united as a family during these challenging times," stated Brijmohan Chiripal, Managing Director, Vishal Fabrics Limited, while commenting on the performance.
Further, Company through its public trusts is indulged in promoting the Robotex in India which is covered under CSR activity for the company. Various workshops had been conducted in last 2 years to develop the same and Robotex India has represented our country in Robotex Asia event in August 2019 and secured second position among all Asian countries.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
Chinese FM calls for joint efforts in finding right way for China, U.S. to get along China and the United States should work together...
New Delhi [India], July 12 (ANI): In a remarkable decision taken at the 47th Session of the World Heritage Committee, India's official...
How the Wests recklessness is testing Moscows nuclear patience A multipolar world is, by its nature, a nuclear one. Its conflicts...
The Hague [Netherlands], July 11 (ANI): Italy made history after securing qualification for the 2026 Men's T20 World Cup in India and...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...