Hey there, finance enthusiasts! Let’s dive into some exciting news from Mamata Machinery Limited (BSE: MAMATA), a company that’s been making waves in the machinery sector.
Mamata Machinery has just announced a significant win: they’ve bagged their very first export order for a cutting-edge 9-layer blown film plant! This isn’t just any order; it’s a state-of-the-art piece of technology under their Co-Extrusion product segment, and it’s valued at a cool ~βΉ8.5 Crore.
So, what’s the big deal about a 9-layer blown film plant? Well, this advanced machinery is designed to produce high barrier films. Think about all those critical food packaging applications that need to keep products fresh for longer β this plant is key to enhancing product protection and extending shelf life. It’s a testament to Mamata Machinery’s capabilities in delivering advanced solutions.
The company plans to commission this plant by the quarter ending December 31, 2026. While the name of the international entity awarding this order remains confidential, the fact that it’s an export order highlights Mamata Machinery’s growing global footprint and technological prowess.
This announcement, made in compliance with SEBI regulations, underscores the company’s commitment to transparency and growth. As of its last close, Mamata Machinery’s stock (MAMATA) was trading at βΉ475.00.
This new order is a fantastic step forward for Mamata Machinery, showcasing their innovation and ability to secure significant international contracts. Keep an eye on this space for more updates! π
source: Corporate Announcement