Sealmatic India Ltd bags order from BPCL

Sealmatic India Ltd (further referred as Sealmatic), listed on the Bombay Stock Exchange (BSE: BOM: 543782) reported that is has bagged one of the most prestigious order to supply 26 API mechanical seals along with 26 API Plans for various pumps in the BBU, RFU, ARU & CDU unit at BPCL Mumbai for OISD project.

Mr. Umar AK Balwa Managing Director, said: "We are extremely pleased to inform that under stiff competition from international giants and stringent technical specifications, Sealmatic has successfully won the prestigious order to supply high critical API mechanical seals for demanding applications for the OISD Project at BPCL in Mumbai, India. Sealmatic has designed tailor made solutions to meet demanding operating conditions, thus bringing areas of design, operation and maintenance with a view to achieve the highest safety standards in a cost-effective manner. This installation will create recurring high profitable spare parts business for the company through the life time of the equipment.

Bharat Petroleum Mumbai Refinery (BPCL - MR) is one of the most versatile refineries in India and excels in all aspects like quality, technology, energy, human relations, safety, environmental friendliness and operating cost. BPCL Mumbai refinery was commissioned in 1955 with a crude oil processing capacity of 2.2 MMTPA. The refining capacity has been augmented to the present level of 12 MMT through progressive revamps, the addition of various process units and the incorporation of advanced refining technologies.

The major secondary processing units initially were Commissioned Diesel Hydrotreating Unit (DHT), Naphtha Isomerization (ISOM) & Gasoline Treatment Unit (GTU) to meet the government mandate of producing 100% BS-VI fuels.

Sealmatic offers the widest portfolio of seals and seal supply systems in accordance with API 682 4th edition. Sealmatic's API-compliant mechanical seals offer technically competent, practical solutions that provide significantly greater safety and process reliability in refining technology, petrochemical, oil & gas and chemical industries.

The processing of crude oil in refineries is a complex and multi-stage process in which crude oil is transformed into refined, high-quality end products or feed materials for petrochemical industry. Sealing technology for such diverse applications must meet challenges in various respects; risk of insufficient lubrication and dry running, media with a diversity of physical properties, high and low temperature ranges and the handling of hazardous substances and all other conditions which need to be controlled with absolute reliability. With a comprehensive range of API-compliant quality seals and supply systems Sealmatic is playing a key role towards ensuring the reliability and safety of refinery processes.

The Petroleum Ministry entrusted the well renowned OISD (OIL INDUSTRY SAFETY DIRECTORATE) with the task to undertake measures aimed at enhancing the safety in the Oil & Gas industry in India. Under this mandate various refineries in India undertook the projects of converting single mechanical seals to double mechanical seals in compliance with API standards.

Shares of Sealmatic India Limited was last trading in BSE at Rs. 609.15 as compared to the previous close of Rs. 570.50. The total number of shares traded during the day was 42300 in over 134 trades.

The stock hit an intraday high of Rs. 618.00 and intraday low of 556.75. The net turnover during the day was Rs. 25386225.00.

Source : Equity Bulls

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SealmaticIndia INE0O4601016 IndustrialProducts OrderWin BPCL