AA Plus Tradelink secures fresh export orders, collaborates with CNX Corporation

Manufacturing activities in India are gaining momentum because of government policies and interventions. As the manufacturing activities continue to gain momentum with the inflow of new orders, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million (Rs 51 crore). 

Besides, it has also collaborated with CNX Corporation for the export of goods worth over Rs 1.7 billion (Rs 170 crore) in the pipeline. According to a statement, it has entered into a profit-sharing arrangement of 50-50. CNX Corporation is a commodity trading entity which focuses on providing solutions in commodity and collateral management.

"We are pleased to inform you that AA Plus Trade Link has recently received a significant export order with a total value of Rs 510 million. This order reaffirms commitment to excellence and dedication to serving with top-quality products," it said in a statement.

"Also entered a substantial business agreement with the commodity trading firm CNX Corporation which has expressed its intent to forward export orders worth Rs 1.7 billion," it added.

Earlier in August, the manufacturing activities gained momentum as new orders and output increased at the quickest rates in nearly three years. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 58.6 in August from 57.7 in July.

The PMI results for India paint a vibrant picture of the nation's manufacturing landscape in August. The PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.

Incorporated in 2016, AA Plus Tradelink is based out of Mumbai and primarily engaged in the trading of items made of iron & steel, aluminium, graphite and other alloy products.