Sunita Tools has received a contract for the supply of 2,40,000 empty NATO Spec & Standard 155mm M107 artillery shells at the supply rate of 10,000 units per month. The supply is to be completed within 24 months (with some grace period). The company has indicated approximate monthly billing of around Rs 24 crore, post completion of formalities and receipt of advance.
Sunita Tools manufactures mold base and machining parts for Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing Sectors.
Sunita Tools Ltd enters Interim Sales Agreement for 2,40,000 empty NATO Spec 155mm M107 shells
Supply at 10,000 units per month over 24 months
Approx monthly billing of Rs 24 Crores post formalities & advance
Payment terms: Rolling 50% advance for 3 months’ supply
Agreement to convert into full Sales Agreement after prototype clearance
With this Interim Sales Agreement Sunita Tools Limited’s long-term strategy of expanding its international defence and aerospace business has reached its inflection point and through its Expertise, Trusted Team and state of the art factory will execute this order to the most efficient capacity to satisfaction of the customer.
