Sunita Defense Inc, USA has established its full time office in Chicago USA

Sunita Tools Limited's ("the Company") Wholly owned Subsidiary (100%) "Sarita Defence Inc" USA Company has established its full time office in Chicago USA at 401 N Michigan Ave. Ste 1200. Chicago IL 60611 USA.

This subsidiary company has been created with vision to Bid, quote and supply of our present and future defence products to various USA entities and also to look for various opportunities of acquisitions in Defence, Aerospace and Engineering space.

This Subsidiary is headed by Mr. Abheshek Satish Pandey.

Mr. Abheshek Satish Pandey is an Aerospace, Space and Astronautics Engineer from the United Kingdom. He further pursued his Master's degree in Management Information Systems / Business Analytics from the United States. His qualifications and work experience make him well-suited to represent the Company and its products to major US-based companies in the aerospace and defence sector. He is also well-positioned to identify potential acquisition targets in the fields of aerospace, defence, engineering and manufacturing.

Commenting on this development. Mr. Sanjay Pandey. Chairman & Whole Time Director of Sunita Tools Limited said: "We are pleased to share that our 100% Wholly Owned Subsidiary in the United States has commenced full-time operations. The US office will focus on bidding, quoting, and supplying the much in demand and much enquired 155mm M107 shells and various other defence products from USA. In addition, the subsidiary will actively evaluate strategic acquisition opportunities in the aerospace, defence, engineering and manufacturing sectors, in alignment with our long-term vision of positioning Sunita Tools as a global defence products manufacturing company. We are confident that under the leadership of Mr. Abheshek Satish Pandey, who heads our US operations, the Company will be well-positioned to expand its footprint in the United States and the wider North American market. His technical expertise and business acumen will be instrumental in driving this next phase of growth."

Shares of Sunita Tools Limited was last trading in BSE at Rs. 879.25 as compared to the previous close of Rs. 875.95. The total number of shares traded during the day was 12250 in over 89 trades.

The stock hit an intraday high of Rs. 889.00 and intraday low of 865.00. The net turnover during the day was Rs. 10737443.00.

Source : Equity Bulls

Keywords

SunitaTools INE0Q1S01010 IndustrialProducts Subsidiary SaritaDefenceInc USA