Sunita Tools Hits 5% Upper Circuit After Securing Rs. 200-300 Crore Defence Order

Summary:

Sunita Tools Limited, a key player in the defence manufacturing sector, has received a Major Letter of Intent (LOI) for the supply of 1,00,000 Empty Artillery Shells (155mm M107). The supply will commence at a rate of 7,500 pieces per month until completion. The LOI has been issued by a prominent defence supplier from a neutral and friendly country in the Far East, with the country’s Ministry of Defence (MOD) directly issuing the End-User Certificate (EUC) to Sunita Tools Limited. The order value is classified between Rs.200 crore to Rs.300 crore.

Stock Performance:

  • The stock hit the 5% upper circuit, reaching an intraday high of Rs.964.95 following the announcement.
  • Market Cap : Rs.589.25 Cr.

Key Data Points:

  • Company: Sunita Tools Limited
  • Order Value: Rs.200 crore – Rs300 crore
  • Product: Empty Artillery Shells (155mm M107)
  • Quantity: 1,00,000 pieces
  • Supply Rate: 7,500 pieces per month
  • Client: A leading defence supplier from a neutral and friendly country in the Far East
  • Approval: End-User Certificate (EUC) to be issued by the country’s Ministry of Defence (MOD)

About the Company:

Incorporated in 1988, Sunita Tools Ltd is in the business of manufacturing, machining & grinding of engineering of goods, steel plates & manufacture of mould base & dies sets

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