Partnership10 Oct 2024, 07:33 pm
Aztec Fluids & Machinery Limited Secures Significant Customs Refunds Totalling Rs 3.78 Crore
AI Summary
Aztec Fluids & Machinery Limited, a leading supplier of printers, consumables, and spares, has announced the successful acquisition of four consecutive refund orders between 27th July 2024 and 9th October 2024. The total amount of refunds sanctioned across these orders is Rs 3,78,12,814/-. This significant refund will bolster the company's working capital, allowing it to accelerate its growth initiatives. The company is committed to maintaining operational excellence, fostering innovation, and sustainable growth in the dynamic market.
Key Highlights
- Aztec Fluids & Machinery Limited secures refunds of over Rs 3.78 crores from the Office of the Deputy Commissioner and Principal Commissioner of Customs.
- The refunds will significantly boost the company's working capital, enabling it to accelerate growth initiatives.
- The company has a strong presence in India, serving 24 states and 3 union territories, with a growing international presence in Africa, the Middle East, and Asia.
- Aztec Fluids & Machinery Limited is an exclusive distributor for Lead Tech (Zhuhai) Electronic Co. Ltd., China, in countries including India, Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya, and Nigeria.
- The company has recently acquired land in Kanera, Kheda, Gujarat, for setting up a printer assembly unit and acquired Jet Inks Private Limited, a Chennai-based ink manufacturer and printer dealer, to strengthen its presence in South and East India.