/ SR Industries Announces Bata India As Its New Client ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 17 July 2017

S R Industries Ltd. (SRIL) has announced the newest addition to its client list, Bata India. SRIL is confident that its manufacturing ability and strong experience of working with MNC’s will enable it to take the relationship with Bata to great heights in a short span of time.

SRIL has an integrated sports footwear manufacturing facility at Una District, Himachal Pradesh, and has an additional manufacturing facility at Mohali, Punjab.

SRIL manufacturers sports, casual and lifestyle footwear for global brands like Puma, Fila (Cravatex) & Future Group Brands. The company is associated with Puma since commencing its commercial productions in 2010. In FY2017, SRIL manufactured more than 1 million pairs of footwear.

To ensure enough liquidity is available for smooth operations of the company, promoters of the company have diluted their shareholding and ploughed back the proceeds into the company. Promoters of the company have made requisite disclosures to the stock exchange.

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