Meera Industries Limited receives repeat orders

Meera Industries Limited (MIL), has received an order for $114,100 from Hilos y Mechas S.A. de C.V. (HIMESA), Honduras. This order is again for the recently launched MODEL DTX-260 (Direct Twisting + Precision Winding). This is a continued extraordinary response the company is receiving for this model.

The company has received an order for Rs. 63,72,000 from Shakti Cords (P) Ltd, India. This order is a repeat order for company's Ring Twisting machines from Shakti Cords Pvt Ltd, Bangalore. Ring Twisting space is mostly dominated by European brands like Galan and Twistechnology. Gradually, MEERA is winning the trust of these big customers and making its presence felt in this highly technical segment.

Ring Twisters are at the core of the technical textile segment. The above orders are helping the company build a solid foundation in this segment which will bring a huge size of business in the time to come.

Source : Equity Bulls

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