Sealmatic India surges on bagging order worth Rs 15 crore for mongol refinery project
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Sealmatic India is currently trading at Rs. 560.00, up by 21.50 points or 3.99% from its previous closing of Rs. 538.50 on the BSE.
The scrip opened at Rs. 572.70 and has touched a high and low of Rs. 573.00 and Rs. 551.50 respectively. So far 6300 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched 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.
Last one week high and low of the scrip stood at Rs. 665.95 and Rs. 500.40 respectively. The current market cap of the company is Rs. 505.90 crore.
The promoters holding in the company stood at 72.38%, while Institutions and Non-Institutions held 2.92% and 24.70% respectively.
Sealmatic India has secured the most prestigious order for mechanical seals and supply systems (API 682 Plans) from a key Original Equipment Manufacturer (OEM) Kirloskar Ebara Pumps, through Engineers India for the Mongol Refinery project.
Valued at an impressive Rs 15 crore, this order is a significant milestone in Sealmatic India's history. The project encompasses the supply of 247 nos of mechanical seals and 187 nos of API 682 Plans, including API Plan 52 of 87 nos, 74 nos of API Plan 53B, and 26 nos API Plan 21 & 23. These numbers represent the largest quantity ever supplied by any seal company for a refinery project.
Sealmatic India is engaged in the business of designing and manufacturing of mechanical seals and associated products. Mechanical seals are mainly used in Oil & Gas, refinery, petrochemical, chemical, pharmaceutical, fertiliser, power, mining, pulp & paper, aerospace, marine and other industrial.
