Oriental Trimex Ltd Unveils Strategic Initiatives to Revolutionize Stone Industry

Oriental Trimex Ltd, a major player in India's natural stone industry, has announced significant strategic initiatives. These include an advanced stone processing machine, a new showroom in Greater Noida, a 30-year lease for a granite quarry in Orissa, diversification of its product portfolio, and a significant debt reduction.

New Delhi [India], August 31: Oriental Trimex Ltd (BSE – 532817), a leading processor and trader of natural stones in India, has announced a series of strategic developments aimed at redefining its operational capabilities and expanding its market presence. These initiatives highlight the company's commitment to innovation, growth, and enhanced customer satisfaction.

The company has achieved a significant milestone in debt reduction, setting a path to become debt-free. Additionally, it introduces a revolutionary wire-based gangsaw machine for stone processing, the first of its kind in India, enhancing precision and efficiency. A new 21,000 sq ft showroom in Greater Noida is also underway, set to be operational by September 2024, providing a comprehensive range of flooring solutions.

Furthermore, Oriental Trimex has secured a 30-year lease for an expansive Jet Black Granite Quarry in Orissa, expected to boost revenue and profitability. The company is diversifying its product portfolio with new offerings like low-cost Indian granites and designed porcelain tiles. These developments collectively strengthen OTL's market position and operational efficacy.

(With inputs from agencies.)