In 1981, a Private
Limited Company in the name and style of Murlidhar Ratanlal Exports (Pvt) Ltd. which
specialised in manufacturing activities on stitching of all types of Jute bags including
Speciality Bags was promoted.
But that was only the beginning. Despite
creating a wide network in international market with proven abilities, to have perfect
backward integration to ensure in-time supply of goods, strict adherance to Quality
parameters and firm grip on overall management of export services, the
company
acquired Hastings Jute Mill (now a division of the Limited Firm) at Rishra in
the year 1994. This Private Limited Company was transformed into a
Public Limited Company in 1995 for better management and greater
stability.
In the meantime, to diversify activities both in jute
front and in other areas, a new 100% Export
Oriented Jute Yarn Plant in the name & style of Kajaria Yarns & Twines Ltd
was installed.
To diversify the activities on the line of changed
market demand, MREL installed Dyeing & Bleaching Plants with modern effluent system in the Hastings
Jute Mill. Specialised cell has been established to promote diversified
jute & jute blended products. New sophisticated machineries are
added to its Yarn Plant to meet the challenging demand for finer count yarns.
From an annual turnover of mere Rs 2.5 Million in the sixties,
the turnover of these companies have now exceeded Rs 1100 Million equivalent
to ( USD 31 million).
