Stock Report

Sunita Tools Ltd acquires 2nd Factory building for Planned Expansion of manufacturing of Artillery Shells

Posted On : 2025-11-24 15:52:47( TIMEZONE : IST )

Sunita Tools Limited, a recognized leader in the Mould base industry and an emerging manufacturer of Defence products, hereby informs its shareholders and stakeholders that the Company has acquired a second factory building on rent in Faridabad for its planned expansion initiative.

The facility will house Line 2 for the manufacturing of Artillery Shells, and the Company has already taken possession of the premises. Installation of critical machinery and equipment will commence shortly. The commencement of commercial production on Line 2 is planned for October 2026, or earlier, subject to timely delivery of the three critical hydraulic presses being supplied by the vendor.

This expansion marks a significant milestone in the Company's Defence manufacturing roadmap and is expected to enhance production capacity and strengthen its position in the sector.

Commenting on this development, Mr. Sanjay Kumar Pandey, Whole Time Director of Sunita said: "We are pleased to announce the acquisition, on rent, of our second factory building in Faridabad dedicated to the manufacturing of artillery shells. This facility will house Line 2, and installation and commissioning of the required machinery is planned to be completed by October 2026. The timely infusion of funds as a loan by the Directors has significantly expedited the project, enabling us to progress well ahead of schedule. With this expansion, we remain fully committed to strengthening our Defence manufacturing capabilities and delivering on all project timelines."

Shares of Sunita Tools Limited was last trading in BSE at Rs. 841.50 as compared to the previous close of Rs. 831.25. The total number of shares traded during the day was 16000 in over 105 trades.

The stock hit an intraday high of Rs. 858.00 and intraday low of 820.00. The net turnover during the day was Rs. 13442543.00.