Filatex Fashions bags first export order worth Rs 293 crore

Hyderabad-based socks and cotton products exporter Filatex Fashions on Monday said its subsidiary has bagged an export order worth USD 35 million (around Rs 293 crore) for supplying white marble. It is worth mentioning that this is the company's first export order.

Filatex Fashions, which supplies products to European markets, in a statement said that its arm Filatex Mines and Minerals Pvt Ltd has received the order from hospital development firm Bloomflora Ventures Ltd for their upcoming 54 hospitals in Africa.

“The order for supply White Marble over a period of seven years is estimated to be USD 35 million (around Rs. 300 crore),” the statement said.

Filatex also said that its shareholders have approved the stock split of 5:1 - the issue of five equity shares for every 1 held by shareholders - at the extra-ordinary shareholders meeting held on July 15.