New Delhi: In July 2024, the company had acquired an export order totaling USD 35 million 293 crore is allocated for the procurement of 2,97,388 metric tonnes of White Marble.
Hyderabad (Telangana) [India], August 30: Filatex Mines and Minerals Pvt Ltd, a subsidiary of Filatex Fashions Ltd based in Hyderabad, a major manufacturer of socks and cotton products, has secured export orders worth an aggregate of Rs. 661 crore (equivalent to USD 78,875,000) within one month.
Filatex Mines and Minerals Private Ltd, a subsidiary of the company in the mining industry, revealed on August 29, 2024 that it has secured an order from Société DIMO - BTP SARL ("SDBS"), a company based in the Republic of Guinea, for the delivery of 1,59,000 tonnes of marble polished tiles over a 5-year period, totaling approximately USD 43,875,000 (Rs 368 crore). SDBS distributes granite and marble through a network of more than 5000 dealers across 14 African countries.
This marks the second export order for the mining subsidiary of the company. On the 26th of July, 2024, the company was awarded a contract to provide 2,97,388 metric tonnes of white marble valued at USD 35 million (Rs. 293 crore) during a span of 7 years. The company's market capitalization is currently at Rs. as of 29 August 2024. 966.75 billion.
During its meeting on 26 July 2024, the Board of Directors of Filatex Fashions Ltd agreed to appoint Mr. Sunil Agarwal as an Additional Director and CEO in the Executive Director category. Approval from shareholders at the upcoming Annual General Meeting is required for the appointment. Mr. Sunil Agarwal has more than a decade of vast experience and specializes in Financial Services, Advisory, Investment Advisory, and Risk Management Consulting. He has also served on the Boards of several well-known companies.
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