Stock Report

Sunita Tools Limited receives major LOI for Supply of Empty Artillery Shells 155mm M107

Posted On : 2025-03-21 15:09:24( TIMEZONE : IST )

Sunita Tools Limited, a player in the defence manufacturing sector, has received a Major (Rs. 200 Crore to 300 Crore*) Letter of Intent (LOI) for the supply of Empty Artillery Shells 155mm M107. The order entails the delivery of 1,00,000 pieces, with the supply commencing at a rate of 7,500 pieces per month until the order is completed.

The LOI has been issued by a prominent defence supplier based in a neutral and friendly country in the Far East. The Ministry of Defence (MOD) of that country will directly issue the End-User Certificate (EUC) to Sunita Tools Limited.

Advance payment to block our manufacturing volumes for the same expected very soon.

This significant order represents a major step forward in Sunita Tools Limited's growth trajectory, and the company is now gearing up to set up the necessary large-scale infrastructure and a dedicated team to ensure the completion of the order within 14 months. The first deliveries are set to begin as soon as possible, ensuring that the timelines are met without compromising on quality.

Commenting on this, Mr. Sanjay Pandey, Chairman & Whole Time Technical Director of Sunita Tools Limited said: "We are fully committed to meeting the challenges this major order brings and are working diligently to set up the infrastructure and team needed for large-scale production. Our focus will be on completing the order within the specified 14-month period, with timely monthly deliveries. The timely joining of Mr. Tarun Thapar will be an invaluable asset in helping us achieve the highest standards of quality and timely deliveries for this prestigious project. We look forward to the journey ahead and are excited about the contributions this project will make to the overall growth and success of Sunita Tools Limited."

This Major LOI marks an important milestone for Sunita Tools Limited as it continues to solidify its position as a trusted supplier in the global defense sector.

Shares of Sunita Tools Limited was last trading in BSE at Rs. 919.00 as compared to the previous close of Rs. 921.95. The total number of shares traded during the day was 7250 in over 28 trades.

The stock hit an intraday high of Rs. 919.55 and intraday low of 875.90. The net turnover during the day was Rs. 6457562.00.