Latest news with #JerBlackGranite
Time of India
07-07-2025
- Business
- Time of India
Oriental Trimex shares hit 5% upper circuit after Q1 update highlights expansion, efficiency push
Shares of Oriental Trimex rallied nearly 5% on Monday to hit an intraday high of Rs 14.75, after the company released its business update for the quarter ended June 30, 2025. The update, issued post-market hours on Friday, outlined several operational and strategic initiatives across technology adoption, asset monetization, and product diversification aimed at strengthening growth and improving margins. Here are the highlights shared by the company: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Introduction of ultrathin wire cutting technology Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The company announced the introduction of the 'SMART CUT' ultrathin wire machine for cutting marble blocks, becoming one of the first in the industry to adopt this cutting-edge technology. The machine employs ultra-thin wire just 0.55 mm thick—significantly more precise than conventional blades—resulting in a 20% reduction in material wastage. The innovation is expected to optimize yield and enhance profit margins, which typically range from 10% to 30% in the industry. The high degree of automation also reduces labor dependence, improving operational efficiency. Black granite mining lease in Odisha Live Events Oriental Trimex also reported that it had received an official mining lease from the Odisha Government for a quarry of Jer Black Granite on May 21, 2025. Quarry operations are expected to begin in the current quarter, with commercial production to follow shortly thereafter. The company is actively exploring export partnerships and is in advanced discussions with several companies in the Far East and Middle East, including a Vietnam-based partner. Divestment of non-core assets As part of its broader strategy to streamline operations and unlock liquidity, the company disclosed plans to divest non-core land assets, including seven acres in Somnathpur Industrial Estate, Balasore, and a small granite unit in the Rairangpur Industrial Area. The divestment is aimed at reducing recurring expenses and reallocating capital for focused investments. Growth in the National Capital Region (NCR) market The company is also witnessing strong demand in the luxury housing segment of the National Capital Region (NCR), fueled by a rise in premium residential developments. Oriental Trimex noted that its high-quality imported marbles, indigenous granites, and marble-design vitrified tiles have gained traction with prominent developers. The company emphasized its track record of serving marquee projects in both North and South India, solidifying its presence in the premium construction materials market. Also read: Jane Street aftermath: 4 stocks suffer Rs 12,000 crore wipeout in collateral damage ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
07-07-2025
- Business
- Economic Times
Oriental Trimex shares hit 5% upper circuit after Q1 update highlights expansion, efficiency push
ADVERTISEMENT Here are the highlights shared by the company: Introduction of ultrathin wire cutting technology Black granite mining lease in Odisha ADVERTISEMENT Divestment of non-core assets ADVERTISEMENT Growth in the National Capital Region (NCR) market ADVERTISEMENT Shares of Oriental Trimex rallied nearly 5% on Monday to hit an intraday high of Rs 14.75, after the company released its business update for the quarter ended June 30, 2025. The update, issued post-market hours on Friday, outlined several operational and strategic initiatives across technology adoption, asset monetization, and product diversification aimed at strengthening growth and improving company announced the introduction of the 'SMART CUT' ultrathin wire machine for cutting marble blocks, becoming one of the first in the industry to adopt this cutting-edge machine employs ultra-thin wire just 0.55 mm thick—significantly more precise than conventional blades—resulting in a 20% reduction in material wastage. The innovation is expected to optimize yield and enhance profit margins, which typically range from 10% to 30% in the industry. The high degree of automation also reduces labor dependence, improving operational Trimex also reported that it had received an official mining lease from the Odisha Government for a quarry of Jer Black Granite on May 21, 2025. Quarry operations are expected to begin in the current quarter, with commercial production to follow shortly company is actively exploring export partnerships and is in advanced discussions with several companies in the Far East and Middle East, including a Vietnam-based part of its broader strategy to streamline operations and unlock liquidity, the company disclosed plans to divest non-core land assets, including seven acres in Somnathpur Industrial Estate, Balasore, and a small granite unit in the Rairangpur Industrial divestment is aimed at reducing recurring expenses and reallocating capital for focused company is also witnessing strong demand in the luxury housing segment of the National Capital Region (NCR), fueled by a rise in premium residential developments. Oriental Trimex noted that its high-quality imported marbles, indigenous granites, and marble-design vitrified tiles have gained traction with prominent company emphasized its track record of serving marquee projects in both North and South India, solidifying its presence in the premium construction materials market.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
