Sunita Tools Secures ₹3.48 Crore Contract for Mould Base Plates

Sunita Tools Limited has secured a significant contract valued at ₹3.48 crore for the supply of mould base plates. The order, placed by a key domestic player in the OEM, machine manufacturing, and steel processing sectors, marks a strategic win for the company as it continues to strengthen its market presence in India.

The contract involves the production and delivery of steel mould products and clamping unit plates. Sunita Tools has committed to fulfilling the order "as early as possible," demonstrating its commitment to timely delivery and customer satisfaction. This contract is a key milestone in the company's efforts to expand its portfolio and client base in the domestic market.

Importantly, Sunita Tools has confirmed that this order does not involve any related party transactions. There is no involvement of the company's promoters or any affiliated group companies in the awarding entity, ensuring a transparent and independent business transaction.

The acquisition of this contract is a testament to Sunita Tools' growing reputation and capabilities in the steel mould products sector. It positions the company as a competitive player, capable of meeting the stringent requirements of major domestic clients.

This contract is expected to bolster Sunita Tools' market share and enhance its standing as a reliable supplier of high-quality mould base plates in the Indian market, further solidifying its strategic growth objectives.

News by Rahul Yelligetti