Sunita Tools Limited, a leading manufacturer in the tools industry, has announced the receipt of a significant purchase order. As per the recent filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), the company has secured a contract worth Rs. 1.35 Crores (excluding taxes). The order pertains to the supply of Mould Bases and Ground Plates for various clients, including CTM India Ltd, a unit of the Motherson Group, and Mutual Engineering & Plastic Molds.

In addition to the order amount, Sunita Tools has also disclosed a work in progress valued at Rs. 10.82 Crores, reflecting ongoing projects that are crucial to the company’s production and delivery pipeline. The order is part of the company's strategy to expand its footprint in the domestic market, as it is domestic in nature and excludes any international dealings.

The terms of the contract indicate that the delivery is expected ASAP, underlining the urgent nature of the requirement. The mould bases and ground plates are essential components for various industrial applications, which Sunita Tools has been supplying for years, gaining a strong reputation in the industry.

This contract is part of Sunita Tools’ ongoing growth strategy and reflects the company’s commitment to fulfilling large-scale orders efficiently. The SEBI disclosure aligns with the Regulations that ensure transparency in corporate dealings and highlights the company's proactive approach to maintaining compliance.

Sunita Tools has confirmed that there are no related party transactions involved in this contract. Moreover, there are no interests or affiliations with the promoter group or any related entities associated with the companies awarding the contract.

To stay updated on more business developments, IPO news, and market insights, you can explore further on our website. The Mould Bases contract could pave the way for more such partnerships for Sunita Tools and reflects a positive outlook for the company’s growth trajectory.

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