Stock Report

MEERA Industries Ltd receives Rs. 5.7 Crores order for Heavy Duty Ring Twister Machine, Reinforcing Technological Leadership



Posted On : 2023-06-12 14:22:41( TIMEZONE : IST )

MEERA Industries Ltd receives Rs. 5.7 Crores order for Heavy Duty Ring Twister Machine, Reinforcing Technological Leadership

MEERA Industries Limited, the leading manufacturer of twisting machines for the Technical Textile segment, is pleased to announce the receipt of a significant order worth 5.7 Cr. The order is for MEERA's highly acclaimed Heavy Duty Ring Twister Machine and comes from a renowned company operating in the Technical Textiles industry.

With a proven track record of expertise in twisting machine manufacture, MEERA Industries has established itself as a trusted leader in the field. This substantial order serves as a silent confirmation of the industry's recognition and acceptance of MEERA's technological prowess and superior solutions.

The Heavy Duty Ring Twister Machine, one of MEERA Industries' flagship products, is renowned for its durability, precision, and advanced features. Designed to meet the demanding requirements of the Technical Textiles industry, this machine delivers exceptional performance, increased efficiency, and enhanced productivity. MEERA's unwavering commitment to research and development enables the company to consistently provide cutting-edge solutions that empower customers to stay ahead in the competitive market.

"We are delighted to receive this significant order for our Heavy Duty Ring Twister Machine," said Mr. Dharmesh Desai, CMD of MEERA Industries Limited. "It reinforces our position as a leading provider of twisting machines and demonstrates the industry's confidence in our technological capabilities. MEERA Industries remains dedicated to driving innovation and exceeding customer expectations."

The Technical Textiles industry is experiencing rapid growth, driven by increasing demand for high-performance textiles across various sectors. MEERA Industries is well-positioned to capitalize on this market opportunity with its comprehensive range of twisting machines and unmatched expertise.

This order highlights MEERA Industries Limited's continued success and sets the stage for further growth and expansion in the Technical Textiles market. The company remains committed to delivering excellence, pushing boundaries, and solidifying its position as the preferred partner for all twisting machine requirements.

Shares of Meera Industries Ltd was last trading in BSE at Rs. 46.64 as compared to the previous close of Rs. 47.94. The total number of shares traded during the day was 2838 in over 43 trades.

The stock hit an intraday high of Rs. 48.38 and intraday low of 46.55. The net turnover during the day was Rs. 133624.00.

Source : Equity Bulls

Keywords

MeeraIndustries INE343X01018 OrderWin