Meera Industries Limited (MIL), a Twisting, Cabling, Winding and other innovative Yarn processing machine manufacturer has Procured a prestigious order of worth Rs 1.68 Crore from Creative Textile, a Leading Textile Group from Mumbai In the month of February 2019.
Meera's grabbing of this order has a high significance since Meera has to compete directly against European brands in terms of high-quality expectations. Meera's Cabler / Twister will be used to produce premium quality carpet yarn for wall to wall and contract carpets basically made of polyester, PP and Nylon BCF yarns. Kindly know that, there is huge market potential of high-end Cabling / Twisting machines in carpet manufacturing clusters like Turkey, Belgium, Netherlands, USA etc. which is majorly dominated by European Manufacturer.
Meera's Carpet Cabler / Twister is highly efficient, economical and easy to operate cabling machine at par with the International Standard. In order to promote and create its awareness Meera is exhibiting this next generation model at World's largest Textile Machine Exhibition to be held in ITMA 2019 at Barcelona, Spain between 20th - 26th June 2019. The Company is highly optimistic for its success during the Show.
Shares of Meera Industries Ltd was last trading in BSE at Rs.210 as compared to the previous close of Rs. 210. The total number of shares traded during the day was 1000 in over 2 trades.
The stock hit an intraday high of Rs. 210 and intraday low of 200. The net turnover during the day was Rs. 205000.