Sealmatic India zooms on bagging order to supply super critical mechanical seals for various power projects
Sealmatic India is currently trading at Rs. 494.80, up by 29.90 points or 6.43% from its previous closing of Rs. 464.90 on the BSE.
The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 494.80 and Rs. 480.00 respectively. So far 2100 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. 441.70 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 519.95 and Rs. 441.70 respectively. The current market cap of the company is Rs. 447.79 crore.
The promoters holding in the company stood at 72.38%, while Institutions and Non-Institutions held 0.12% and 27.50% respectively.
Sealmatic India has achieved a significant milestone by securing one of the most prestigious orders to supply super critical mechanical seals for various high capacity power projects. These include the 800 MW Supercritical Power Plant (Adani), 660 MW Supercritical Power Plant (DVC Raghunathpur), and 500 MW Critical Power Plants (NTPC Vindhyanchal, DVC Bokaro, and NTPL).
BHEL, a Maharatna Company of Government of India, have placed these orders on Sealmatic. The super critical mechanical seals by Sealmatic are essential for the efficient and reliable operation of mission critical systems such as Boiler Feed Pumps, Booster Pumps and Condensate Extraction Pumps. These seals are engineered to withstand the extreme pressures and temperatures essential to supercritical and critical power plants, ensuring seamless operation and optimal performance. Besides, the 800 MW Supercritical Power Plant by the Adani Group is a benchmark in India’s energy infrastructure, aimed at enhancing the country’s power generation capabilities. For this particular project Sealmatic has bagged order of 41 Nos. of super critical mechanical seals along with 8 Nos. of auxiliary skids for mechanical seals.
Damodar Valley Corporation (DVC) currently has 6687.2 MW of installed capacity and has many more projects in the pipeline. DVC entrusted with the pioneering responsibility of powering industrial growth in the resource rich Damodar Valley region, DVC has been using latest available technologies to supply bulk power at competitive rates to industry. Sealmatic has bagged 38 Nos. of supercritical mechanical seals for this project, in collaboration with BHEL, ensuring robust long-term operation and maintenance of critical systems. Besides, Sealmatic has bagged order of 17 Nos. of super critical mechanical seals through BHEL for 500 MW critical power plants. Sealmatic is proud to contribute to NTPC Vindhyanchal, DVC Bokaro, and NTPL with a focus on efficiency and reliability.
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.
