MEERA Industries Limited ("MEERA"), a leading manufacturer of advanced Twisting Machines and Heat Setting Machines, is pleased to announced that it has secured a domestic order worth ?2.60 crore for high bulk carpet yarn manufacturing solutions. This achievement underscores MEERA's near-monopoly market share in the Indian carpet yarn sector, where the company is the trusted partner of virtually all major carpet yarn manufacturers.
MEERA's flagship solution, MEERABAH (Meera Bulking and Heatsetting Machine), is widely recognized as the most economical and quality-oriented option for producing high bulk yarns for carpets and bathmats. Known for its energy efficiency, high productivity, and precision, MEERABAH continues to set new industry standards.
A significant highlight is the order from Ganesha Ecopet Private Limited, a group company of Ganesha Ecosphere Ltd., India's leading PET bottle recycling company. Ganesha Ecosphere specializes in converting post-consumer PET waste into recycled polyester staple fibers, spun yarns, and dyed texturized yarns. These products are widely utilized in carpet manufacturing, fabric weaving, and nonwoven filling applications. As Ganesha diversifies into high bulk yarn manufacturing for carpets and bathmats, MEERA's advanced solutions, including assembly winders, carpet cables, and bulking and heat-setting machines, form the backbone of their carpet yarn project.
Shares of Meera Industries Ltd was last trading in BSE at Rs. 67.41 as compared to the previous close of Rs. 66.65. The total number of shares traded during the day was 14380 in over 88 trades.
The stock hit an intraday high of Rs. 68.40 and intraday low of 65.00. The net turnover during the day was Rs. 965383.00. |