Textile Penny Stock Under Rs 80 Jumps After Securing USD 4,03,300 in U.S. Orders Across Carbon, Medical & Technical Textile Markets
The stock is up by 67.7 per cent from its 52-week low of Rs 44.12 per share.
MEERA Industries Limited, a leading manufacturer of twisting and heat setting machines with a specialisation in technical textiles, has successfully secured three significant export orders from the United States, totalling USD 4,03,300. These orders underscore the company's engineering precision and expand its footprint across diverse advanced textile applications. The new business includes orders for twisting cotton yarns, processing carbon nanomaterial fibres, and producing medical-grade biomedical textiles, reflecting a strong vote of confidence from international clients.
The U.S. orders come from two distinguished entities: Buhler Quality Yarns Corp and DexMat, Inc. Buhler Quality Yarns Corp, based in Jefferson, GA, a renowned supplier of fine-count cotton yarns, has ordered Meera's Twister & Winder systems. These systems will enhance their production of high-strength, consistent twisted cotton yarns for premium fabrics, utilising high-grade Supima cotton and advanced spinning technology. Meanwhile, DexMat, Inc. of Houston, TX, a climate-tech pioneer known for its "Galvorn" carbon nanotube fiber, has opted for Meera’s Ring Twister. This machine will process Galvorn, a material stronger than steel and more conductive than copper, into precision-twisted yarns for aerospace and high-performance applications.
These new orders are strategically important for MEERA Industries Limited and its investors, signifying the company's increasing penetration into high-precision, speciality textile segments such as aerospace, healthcare, and premium cotton. The selection of Meera by these clients was driven by the company's robust engineering, compliance readiness, and reliable delivery capabilities, further solidifying its position in quality-driven industries. Moving forward, Meera plans to leverage this momentum to deepen its global market presence, intensify research and development efforts, and expand its post-sales support infrastructure, particularly in North America, aiming for sustained shareholder value and broader international appeal. The execution of these orders is scheduled for the second quarter of the financial year 2025-26.
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On Monday, shares of Meera Industries Ltd gained 17 per cent to an intraday high of Rs 74 per share from its previous closing of Rs 63.31 per share. At the closing bell, shares of the company ended the trading session in the green, up 1.24 per cent to Rs 49.99 per share. Meera Industries has a market cap of Rs 74 crore. The shares of the company saw a spurt in volume by more than 2.90 times on the BSE. The stock is up by 67.7 per cent from its 52-week low of Rs 44.12 per share.
Disclaimer: The article is for informational purposes only and not investment advice.