Oriental Trimex Limited has informed the Exchange regarding a press release dated July 04, 2025, titled "Business Update".
ORIENTALTL · price
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Oriental Trimex has shared a business update covering four key developments. First, the company has adopted a SMART CUT ultra-thin wire machine (0.55mm wire vs traditional 3.5mm blades) for marble processing, claiming about 20% reduction in waste and improved margins in an industry where margins typically range from 10% to 30%. Second, on May 21, 2025, the company received a mining lease from the Odisha Government for Black Granite and plans to start quarry operations this quarter, with export discussions underway including a Vietnam-based partnership in final stages. Third, the company plans to sell two non-core assets — 7 acres of land in Somnathpur Industrial Estate (Balasore) and a small Granite Unit in Rairangpur — to streamline operations and improve liquidity. Lastly, the company highlighted growing demand for its products (imported marble, granites, and 'Rare Earth' vitrified tiles) driven by luxury housing growth in the National Capital Region.
Positive for shareholders: the new SMART CUT technology and Odisha mining lease signal capacity expansion and margin improvement, while the planned non-core asset sale frees up cash for focused investments. Export partnerships in Far East and Middle East markets open a new growth avenue, though execution and timing of mining operations remain key things to watch.