The Indian Air Force, Ministry of Defence, Department of Military Affairs, and Government of India have awarded Shiva Texyarn, one of the top textile producers in India, a supply order of US $4.22 million (Rs 36.19 crore).
It is anticipated that 16,000 pairs of SUIT PERMEABLE MK V will be delivered between January 3, 2025, and August 31, 2025.
In addition to cotton yarn, Shiva Texyarn manufactures technology textiles, including home textiles, coated and laminated fabrics, and other value-added products. Additionally, the organisation holds a number of qualifications, such as the Textile Sector Skill Council’s Affiliation Certification, Oeko-Tex 100 Certification, WRAP Certification, and the Five S (Workspace Management System) Certification.
A spinning mill, a lamination and clothing business in Tirupur, a processing plant in Erode, and a coating division in Coimbatore are among the company’s divisions.
In Q2 FY ’24, the firm recorded a net loss of US $ 301,000 (Rs 2.59 crore), however in Q2 FY ’25, it reported a consolidated net profit of US $322,000. Net sales for the second quarter of FY ’25 were US $11.19 million (Rs. 95.19 crore), a 3.6% year-over-year decline.