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Textile stock jumps 17% after it receives order to supply 21,333 pieces of NBC HAVERSACK MK-ll to the Indian Air force

Textile manufacturer has received a ₹9.06 Crore order from the Indian Airforce for 21,333 NBC Haversack MK-II pieces, to be delivered between January 2025 and January 2026, ensuring timely execution.
Textile stock surges 17% after securing an order to supply 21,333 NBC HAVERSACK MK-II to the Indian Air force.
Textile stock surges 17% after securing an order to supply 21,333 NBC HAVERSACK MK-II to the Indian Air force.

Introduction:

Textile manufacturer has secured a significant order from the Ministry of Defence, Indian Airforce, for supplying 21,333 NBC Haversack MK-II pieces. The ₹9.06 Crore contract, with a delivery timeline spanning from January 2025 to January 2026, marks a major milestone.

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Share price movement of Shiva Texyarn:

On January 20, 2025, Shiva Texyarn Limited opened at ₹206.90, slightly up from its previous close of ₹202.75. The stock reached a high of ₹239.00 (17.78%) and a low of ₹198.05. By 11:49 AM, it traded at ₹229.05, a 12.97% increase, with a market cap of ₹296.91 crore.

Shiva Texyarn Receives Defence Supply Order:

Shiva Texyarn Limited has received an order from the Ministry of Defence, Department of Military Affairs, Indian Airforce, for the supply of 21,333 NBC Haversack MK-II pieces. The delivery of these items is scheduled between January 18, 2025, and January 18, 2026.

The total value of the order is approximately ₹9.06 Crores. This domestic contract is a significant step for Shiva Texyarn, which is known for its expertise in textile manufacturing. The company will ensure timely delivery in accordance with the contract’s terms and conditions.

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There is no indication of any involvement from promoters or group companies in the awarding process. The transaction is not categorized as a related party transaction, and it is expected to be executed at arm’s length, ensuring transparency and fairness in the process.

Recent news on Shiva Texyarn:

As of January 03, 2025, Shiva Texyarn Ltd. (NSE: SHIVATEX) secured an order worth ₹36.19 crore from the Indian Air Force for 16,000 pairs of NBC Suits, with deliveries scheduled between January 2025 and August 2025.

Stock performance of Shiva Texyarn for Period of 1 week, 6 months and 1 year:

Shiva Texyarn Limited has shown steady growth, with a 0.17% return over the past week, 8.24% over the last six months, and a strong 35.6% return over the past year, reflecting solid long-term performance.

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Shareholding pattern of Shiva Texyarn:

All values in %Dec 2024Sep 2024Jun 2024
Promoter74.00%74.00%74.00%
FII0%0.00%0.20%
DII0.00%0.00%0.00%
Public25.90%25.90%25.70%
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About Shiva Texyarn:

Shiva Texyarn Ltd. (NSE: SHIVATEX), part of the ₹500-crore Bannari Amman group, manufactures cotton yarn and technical textiles. Established in 1986, the company also owns windmills and operates a subsidiary in property development across multiple cities.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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