Scripscan:Axtel Industries Ltd
Code:523850
cmp:10
Story:Axtel Industries, Ltd. manufactures process engineering equipment for the food, pharmaceutical, and chemical industries in India. It offers process plants for grinding/milling of foodstuffs, pharmaceuticals, cosmetics, and chemicals; cleaning, grinding, pasteurization, and steam sterilization systems for spices; food/feed extrusion systems; and conveyor dryers and de-hydration systems. The company also provides process equipment, including ribbon mixers, batching and mixing systems, process tanks and agitators, continuous frying systems, forming and portioning machines, dewatering screw presses, and cassette presses and brining systems. In addition, Axtel Industries produces material handling equipment, such as pneumatic conveying systems, dust collection systems, bulk loaders and sack tip stations, pneumatically operated sack and octabin tipping stations, conveyors, and elevators. Further, the company offers size reduction equipment, sieving and straining equipment, storage and discharge equipment, and custom designed equipment. Company claims to have some the most reputed clients. There are reports that company has bagged some big orders recently and its performance for coming years may show 70-100% growth.A risk free investment.If company really succeeds in posting such growth in current year,share price can double in 2 years time.
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