Sunita Tools Limited - Updates

Sunita Tools Limited, a leader in the Mouldbase industry, and Now a Major Defence product manufacturer updates its shareholders about the company.

1) Our Ahmedabad subsidiary has expanded its manufacturing capabilities with the acquisition of a state-of-the-art CNC Turning Machine. This addition enhances our existing infrastructure and provides flexibility to support production needs, including potential overflow capacity for our Faridabad artillery shell units.

2) The Faridabad Empty Artillery Shells Defence unit has successfully conducted trials of all installed machines. Forging trials of samples are currently underway, and videos of the process will be uploaded shortly. The samples will be shared with customers for testing and evaluation purposes.

Commenting on this development, Mr. Sanjay Kumar Pandey, Whole Time Director of Sunita said: "We are thrilled to announce the successful completion of trials of all installed machines at our Faridabad unit, a significant milestone that underscores our commitment to delivering high-quality products in the defence manufacturing sector. Additionally, our recent investment in a state-of-the-art CNC Turning Machine at our Ahmedabad subsidiary will enable us to enhance our manufacturing capabilities, improve efficiency, and caterto growing demand. These developments position usforlongterm success and allow us to better serve our customers across various business segments."

Shares of Sunita Tools Limited was last trading in BSE at Rs. 723.15 as compared to the previous close of Rs. 692.80. The total number of shares traded during the day was 42250 in over 195 trades.

The stock hit an intraday high of Rs. 727.40 and intraday low of 705.00. The net turnover during the day was Rs. 30487281.00.

Source : Equity Bulls

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SunitaTools INE0Q1S01010 IndustrialProducts Update