New Delhi (India), June 13: Lagnam Spintex, a leading manufacturer of high quality cotton yarn in India, has been awarded the State Safety Award 2022 by Rajasthan Factory Safety Award Scheme 2022, Government of Rajasthan. The company has received this award for its high standards of compliance and compliance with health, safety and welfare provisions under the Factories Act, 1948.
Let us tell you that Laganam Spintex Limited is an NSE listed company. Whose total revenue of the company during FY22 grew by 70% to Rs 348.95 crore as against Rs 205.52 crore during FY 2021. During the corresponding period of last year, Profit After Tax was Rs.4.47 crores which stood at Rs.28.80 crores with a growth of 544%. The annual export turnover has increased from Rs 104.17 crore to Rs 201.24 crore. Export turnover is about 58% of the entire business.
Anand Mangal, MD, Laganam Spintex, said, “We have a strong focus on safe business practices. We would like to thank the Government of Rajasthan and the Rajasthan State Chapter of the National Safety Council for awarding us with the State Safety Award 2022.