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Fiberweb India has received export orders worth ₹23.20 crore ($3.57 million) for the newly-established plant of Melt Blown products. There is great demand for these products from the US and some other countries, and the current order will keep the machine busy beyond August 2018, the company said in a statement to the bourses.
Worldwide, there is a big gap between demand and supply for Melt Blown products, it said, and added that the margin of profit is quite high for these products. The company expects full benefits of the project to accrue from this fiscal.
However, shares of BSE-listed Fiberweb India slumped 6.20 per cent at ₹103.70.
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