Sealmatic Seals the Deal: Rs 15 Crore Order Grows Mongol Refinery!

Sealmatic India is currently on an upward trajectory, trading at Rs. 560.00, marking a significant increase of 21.50 points or 3.99% from its previous closing price of Rs. 538.50 on the BSE.

The scrip commenced trading at Rs. 572.70 and has oscillated between a high of Rs. 573.00 and a low of Rs. 551.50. A total of 6300 shares have been exchanged on the counter thus far.  As a BSE group 'M' stock with a face value of Rs. 10, Sealmatic India has seen its share price reach a 52-week high of Rs. 869.00 on 16-Feb-2024 and a 52-week low of Rs. 306.50 on 02-Jun-2023.

Over the past week, the scrip has seen a high of Rs. 665.95 and a low of Rs. 500.40. The company's current market capitalization stands at Rs. 505.90 crore.  Regarding ownership, the promoters hold 72.38% of the company's shares, while institutional investors and non-institutional entities hold 2.92% and 24.70%, respectively.

In a significant development, Sealmatic India has clinched a prestigious order valued at Rs. 15 crore for mechanical seals and supply systems (API 682 Plans) from Kirloskar Ebara Pumps, facilitated by Engineers India for the Mongol Refinery project. This order, comprising 247 mechanical seals and 187 API 682 Plans, marks a watershed moment in Sealmatic India's journey, representing the largest quantity supplied by any seal company for a refinery project.

Specializing in the design and manufacturing of mechanical seals and associated products, Sealmatic India caters to various industrial sectors, including Oil & Gas, refinery, petrochemical, chemical, pharmaceutical, fertiliser, power, mining, pulp & paper, aerospace, marine, and more.

News by Rahul Yelligetti