Walchandnagar Industries Limited receives contract worth Rs. 30.75 crores

Walchandnagar Industries Limited ("WIL" / "Company"), a renowned engineering company known for its design, engineering & high complex precision manufacturing capabilities with operational legacy of more than 115 years, has been awarded a firm contract worth Rs 30.75 crores for the fabrication and supply of S139 segment hardware. The contract received from Vikram Sarabhai Space Centre (VSSC) is valid for a period five years from the effective date of 28th March, 2025 or until fourteen months after the supply of the last hardware supplied against this contract.

The contract execution involves fabrication and supply of 5 quantities each of S139 Head End Segment (HES) Hardware, S139 Middle Segment (MS) Hardware and S139 Nozzle End Segment (NES) Hardware of 2.8 meter nominal diameter in Maraging Steel. The raw material required for fabrication shall be supplied to WIL. The department shall have an option to order additional quantities up to a maximum of 3 Segments (HES, MS or NES, or in combination) under the same terms and conditions, by issuing amendments to the contract.

WIL will commence delivery of the first S139 End Segment starting six months from the receipt of Free Issue Materials for the Segment.

Commenting on the contract win, WIL's MD and CEO, Chirag Doshi, said "This contract win is an endorsement of WIL's prowess and capabilities in spearheading India's space research journey. WIL is the largest manufacturer of S139 End Segments having delivered 200 such segments, which are integrated into Polar Satellite Launch Vehicle (PSLV) and Geosynchronous Satellite Launch Vehicle (GSLV) MK II flights. Moreover, WIL is the only player in the country manufacturing Head End Segment (HES) and Nozzle End Segment (NES). The Company will continue to be at the forefront in helping the nation achieve its ambition of being a respected space superpower."

Shares of Walchandnagar Industries Limited was last trading in BSE at Rs. 154.35 as compared to the previous close of Rs. 160.00. The total number of shares traded during the day was 116654 in over 2243 trades.

The stock hit an intraday high of Rs. 164.80 and intraday low of 152.00. The net turnover during the day was Rs. 18399663.00.

Source : Equity Bulls

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