Sunita Tools Limited to form Subsidiary Company

In a strategic move to fortify and Diversify its position having leading position in the Indian Engineering Aerospace and Mould Base market, Sunita Tools Limited announces a significant diversification cum expansion project.

Sunita Tools Limited, a leading name in precision engineering solutions, announced the establishment of its new subsidiary dedicated to the manufacturing of defense and aerospace parts and components, Air Engineering parts, Precision Pumps and Compressor parts. This strategic move signifies Sunita Tools Limited's commitment to diversifying its offerings and tapping into new markets with specialized expertise.

The establishment of the new subsidiary underscores Sunita Tools Limited's strategic vision to expand its portfolio into high-growth sectors such as defense and aerospace, Air Engineering, Compressor Technology etc. This move allows the company to leverage its expertise in precision engineering to cater to the unique needs of all these industries.

The new subsidiary will establish strategic partnerships with key players in the defense and aerospace industries, facilitating collaboration and knowledge exchange to stay at the forefront of technological advancements and industry best practices.

The company anticipates that this expansion will not only bolster its production capabilities but also generate employment opportunities and contribute to the economic development of the region. Furthermore, the move to utilize subsidiary for manufacturing operations reflects a strategic approach to ensuring operational continuity and efficiency.

Commenting on this development, Mr. Sanjay Pandey, Whole Time Director of Sunita said: "We are thrilled to announce the incorporation of our second subsidiary company as a pivotal step forward for Sunita Tools Limited. This strategic move will help solidify our presence in the defense and aerospace, Air technology, Compressor parts sectors, further diversifying our portfolio and expanding our reach into new markets in India and Abroad.

The decision to venture into the Air Tech and Compressor Technology alongwith defense and aerospace industries aligns perfectly with our vision of driving innovation and excellence in precision engineering. With our expertise, state-of-the-art technology, and unwavering commitment to quality, we are wellpositioned to deliver cutting-edge solutions to meet the rigorous demands of these sectors.

By establishing this subsidiary, we aim to leverage our decades of experience and reputation for excellence to manufacture high-quality Air Tech, Compressor Tech, defense and aerospace parts and components. We are excited about the opportunities this venture presents and confident in our ability to make a significant impact in these critical industries.

As we embark on this new chapter, we remain dedicated to upholding the values of integrity, quality, and customer satisfaction that have been the cornerstone of our success. We look forward to the journey ahead and the contributions we will make to these sectors."

Shares of Sunita Tools Limited was last trading in BSE at Rs. 266.40 as compared to the previous close of Rs. 274.25. The total number of shares traded during the day was 10000 in over 10 trades.

The stock hit an intraday high of Rs. 279.00 and intraday low of 263.45. The net turnover during the day was Rs. 2687250.00.

Source : Equity Bulls

Keywords

SunitaTools INE0Q1S01010 IndustrialProducts Diversification ExpansionProject Subsidiary