Meera Industries Ltd secures orders worth $302,000

MEERA Industries Limited ("MEERA"), a leading manufacturer of advanced Twisting Machines and Heat Setting Machines, has announced the successful acquisition of significant international orders totaling $302,000. These orders, despite a challenging global economic environment, underscore the company's unwavering technological prowess and growing global acceptance of its patented solutions.

The secured orders, which span across Europe and the Middle East, reflect the increasing demand for MEERA's cutting-edge machinery. Notably, the orders include MEERA's TPRS Twister, a patented technology renowned as the world's most efficient solution for producing fishing twine. The acceptance of this technology is rapidly growing among fishing twine manufacturers worldwide. Additionally, the orders include the MEERA Spun Twister, a robust and energy-efficient Two-for-One (TFO) twister. This machine, designed with high ergonomic standards, is ideal for manufacturing various staple yarn products used in knitting and weaving.

Commenting on the order, [Dharmesh Desai, CMD, MEERA Industries Limited], stated:

Technological Leadership

MEERA's TPRS Twister continues to be a game-changer in the fishing twine industry, offering unmatched efficiency and reliability. This machine has not only set a new standard for the industry but has also gained increasing traction among manufacturers globally. Its energy efficiency and superior performance make it a preferred choice for businesses aiming to enhance productivity and reduce operational costs.

Similarly, the MEERA Spun Twister, based on the Individual Spindle Tape Drive System, is a testament to the company's commitment to innovation and quality. This machine's ergonomic design and energyefficient operations cater to the diverse needs of the textile industry, particularly in the production of staple yarns for knitting and weaving.

Conclusion

The acquisition of these international orders is a significant milestone for MEERA Industries Limited, reinforcing the company's position as a leader in the global textile machinery market. As MEERA continues to innovate and expand its market presence, the company remains committed to delivering superior products and services to its customers worldwide.

Shares of Meera Industries Ltd was last trading in BSE at Rs. 60.17 as compared to the previous close of Rs. 60.57. The total number of shares traded during the day was 12965 in over 204 trades.

The stock hit an intraday high of Rs. 62.50 and intraday low of 59.25. The net turnover during the day was Rs. 786243.00.

Source : Equity Bulls

Keywords

MeeraIndustries INE343X01018 IndustrialMachinery OrderWin