Sunita Tools Ltd

According to the company's project classification, the contract is valued between Rs 200 crore and Rs 300 crore. The order involves the delivery of 100,000 pieces, with the supply set to commence at a rate of 7,500 pieces per month until the full order is completed. The LOI has been issued by a prominent defense supplier from 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 Tool. The company stated that an advance payment to secure manufacturing volumes for the order is expected very soon. This significant contract marks a major step forward in Sunita Tools' growth trajectory. In response, the company is preparing to set up large-scale infrastructure and assemble a dedicated team to ensure the order's completion within 14 months. The first deliveries are expected to begin shortly, with the company committed to meeting the timelines without compromising on quality. Sanjay Pandey, chairman & whole-time technical director of Sunita Tools, 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. Sunita Tools is engaged in the manufacture of ground plates, mould bases, and precision CNC machining. On a full-year basis, the company's standalone net profit jumped 61.7% to Rs 4.85 crore in FY24 as against Rs 3 crore posted in FY23. Revenue from operations surged 88.5% to Rs 26.09 crore in FY24 as compared to Rs 13.84 crore recorded in FY23. Powered by Capital Market - Live

The major order falls within the Rs 200 crore to Rs 300 crore category, according to the project classification. The order involves the supply of 155mm M107 empty artillery shells, with a requirement of 100,000 pieces per annum. Sunita Tools's subsidiary, Tripathi Aerotech now with the changing dynamics of warfare across the globe most countries have decided to increase their stockpile to 20 months instead of 2 months, Thus export demand for empty shellstoo is huge worldwide. We are sure once we submit trail samples the chances of renewing the supply for 3 years open up, and supplies to other entities opens up as well. We are gearing up to supply the trail samples and to set up the large-scale setup to complete the order within 20 months of time with monthly deliveries starting as soon as possible; We look forward to the journey ahead and the contributions we will make to the company's overall growth. Sunita Tools is engaged in the manufacture of ground plates, mould bases, and precision CNC machining. On a full-year basis, the company's standalone net profit jumped 61.7% to Rs 4.85 crore in FY24 as against Rs 3 crore posted in FY23. Revenue from operations surged 88.5% to Rs 26.09 crore in FY24 as compared to Rs 13.84 crore recorded in FY23. Powered by Capital Market - Live

Sunita Leoquip Aerospace, a subsidiary company of Sunita Tools has received an annual contract for supply of CI Casting P05863, CI Casting C85263 totaling to Rs.66 lakhs (including tax). Powered by Capital Market - Live

Sunita Tools has received the contract for supply of different kinds of Mould Bases totaling to Rs. 1.35 crore (Excluding taxes) apart from the work in progress of 10.82 crore. Powered by Capital Market - Live

The contract was awarded by several key clients, including CTM India Ltd (a unit of the Motherson Group), Mutual Engineering & Plastic Molds, and others. It involves the supply of various types of mould bases and ground plates. According to the company's regulatory filing, the order is valued at Rs 1.35 crore, with delivery required as soon as possible. The company further highlighted that this new order adds to its ongoing work in progress, which is valued at Rs 10.82 crore. Sunita Tools is engaged in the manufacture of ground plates, mould bases, and precision CNC machining. On a full-year basis, the company's standalone net profit jumped 61.7% to Rs 4.85 crore in FY24 as against Rs 3 crore posted in FY23. Revenue from operations surged 88.5% to Rs 26.09 crore in FY24 as compared to Rs 13.84 crore recorded in FY23. Powered by Capital Market - Live

Sunita Tools will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

Sunita Tools has received the contract/Purchase order for supply of Mould Bases and CNC Machine parts totaling to Rs. 75.9 lakh (including tax) apart from the Work in Progress of 10.23 crore.Powered by Capital Market - Live

Sunita Tools announced that the 37th Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live