Sealmatic India Limited secures prestigious approval from Kuwait Petroleum Company

Sealmatic India Limited (further referred as Sealmatic), reported that it has achieved a significant milestone with the recent approval from the Kuwait Petroleum Company (KPC), a mother company to various subsidiaries such as KIPIC, KPI, KUFPEC, KGOC, KOC, KNPC, PIC, KOTC etc. This prestigious certification validates Sealmatic's commitment to innovation, quality and reliability in the global oil & gas industry. Sealmatic is set to play a pivotal role in supporting KPC and Kuwait's ambitious energy goals.

Currently, Kuwait's production capacity is 2.9 million barrels per day and is expected to reach 3.2 million barrels per day by 2026. KPC and its subsidiaries, including KOC, are spearheading several mega projects in the country. According to KPC CEO Shaikh Nawaf S. Al-Sabah, KPC subsidiary Kuwait Oil Company (KOC) plans to raise oil production capacity to 3.65 million barrels per day by 2035 under the new strategy, which will result in a rise in state revenue of nearly USD 11 billion over the following five years. About 90% of Kuwait's oil production comes from KOC, which also intends to attain a daily gas production capacity of 1.5 trillion cubic feet by 2040.

The approval from KPC opens new opportunities for Sealmatic in Kuwait, a country where the mechanical seal market is valued at approximately USD 70 million. Sealmatic assures its commitment of delivering superior quality mechanical seals and strengthens its reputation as a trusted partner in the global marketplace, also this approval reflects the dedication of our sales & service team which we say as our Dream Team, who have worked tirelessly to get this prestigious approval., says - Samir Mullaji - Vice President (Business Development).

With a relentless focus on quality, reliability and customer satisfaction, Sealmatic has established itself as a trusted partner for industries worldwide. As Sealmatic continues to set industry standards, the KPC approval reinforces its position as a frontrunner in providing cuttingedge sealing solutions for the oil and gas sector.

Shares of Sealmatic India Limited was last trading in BSE at Rs. 523.20 as compared to the previous close of Rs. 528.15. The total number of shares traded during the day was 13500 in over 85 trades.

The stock hit an intraday high of Rs. 550.00 and intraday low of 520.55. The net turnover during the day was Rs. 7227585.00.

Source : Equity Bulls

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SealmaticIndia INE0O4601016 IndustrialProducts Milestone Approval KuwaitPetroleumCompany