Dollex Industries secures US$ 5 Million IMFL Contract

Dollex Industries Ltd has announced that the Company has bagged a prestigious order of US $ 5 million for IMFL from Africa. Under the contract the Company will supply 300 containers of Indian Made Foreign Liquor to its African buyer. The time-frame for the order is 6 months and the Company is confident of completing the said order on time.

This is the single largest order received by the Company in the Company's history and is in line with the Company's ambitious 3 year plan of becoming one of the largest integrated players in this segment.

Once successfully executed, the Company plans to enter into a JV with its buyer and expects to cross its export target of IMFL to 1200 containers in this year alone.

The stock was trading at Rs.142.05, up by Rs.6.75 or 4.99%. The stock hit an intraday high of Rs.142.05 and low of Rs.136. The total traded quantity was 38795 compared to 2 week average of 93052.

Source : Equity Bulls

Keywords