Net sales rose 14.76 per cent
Net profit rose16.49 per cent
Exports rose 61.90 per cent
Alok is also hiking its holding in Mileta International by acquiring an additional 19.80 per cent stake in Mileta International for 1.75 million Euro thereby taking its stake in Mileta to 79.80%.
Another milestone for the quarter included the formalization of the Joint Venture with National Textile Corporation Ltd (NTC) for the revival of the textile mills located at the New City of Bombay Manufacturing Mills, Mumbai and Aurangabad Textile Mills, Aurangabad.
Link to the entire article: http://www.fibre2fashion.com/news/company-news/alok-industries-limited/newsdetails.aspx?news_id=49341
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