Sunita Tools Limited to Supply NATO spec & Standard 155mm M107 Empty Shells Defence Order 1st Tranche

Sunita Tools Limited is pleased to announce that it has received 1st Tranche of the Advance Payment from its customer for Interim Sales Agreement for NATO Spec & Standard 155mm M107 artillery shells.

Under this Sales Agreement Sunita Tools Limited had to receive Advance Payments for the order. Accordingly, the customer has sent 1st tranche of sizeable advance payment to us which is credited in our Bank account. The 2nd & 3rd tranches are expected to follow shortly.

Commenting on this development, Mr. Sanjay Pandey, Chairman & Whole Time Director of Sunita Tools Limited said: "We are pleased to announce that we have received the first tranche of advance payment from the customer for NATO Standard 155mm M107 shells. The second and third tranches are expected to be received shortly. This development marks a significant milestone for the organisation."

Sunita Tools Limited boasts over 40 years of experience in the Engineering and Mould Base Industry, offering unparalleled customized solutions to various sectors with a forward-thinking approach to meeting future demands today. Our core expertise lies in the manufacture of Ground Plates, Mould Bases, and Precision CNC Machining.

The products of the Company serve as essential components for the Manufacturing industries, spanning Automotive, Pharmaceutical, Electronics, Consumer Goods, Aerospace, Defence and numerous other sectors. These industrial capital goods undergo rigorous quality testing to ensure they meet industry standards before reaching our clients, Aerospace parts, Empty Artillery shells various calibre, Grease Cartridges etc.

The Companies strength lies in our ability to deliver customized, high-quality products, offer expert guidance throughout the design and manufacturing process, and provide comprehensive after-sales technical support. This commitment to compatibility and customer satisfaction sets us apart, making our products and services a flexible and dependable choice. The Company is dedicated to promptly addressing any concerns raised by our business associates through direct engagement with senior management.

Shares of Sunita Tools Limited was last trading in BSE at Rs. 867.45 as compared to the previous close of Rs. 885.15. The total number of shares traded during the day was 48375 in over 111 trades.

The stock hit an intraday high of Rs. 900.00 and intraday low of 867.45. The net turnover during the day was Rs. 42266050.00.

Source : Equity Bulls

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SunitaTools INE0Q1S01010 IndustrialProducts OrderUpdate