Indian Metro Product Manufacturer Secures Rs 8.72 Crore Order from BEML!

Order strengthens company's presence in metro rail infrastructure sector.

Presstonic Engineering has secured a significant order worth Rs 8.72 crore from BEML Limited for supplying components to the BMRCL-5RSDM Project. This purchase order includes the supply of Grab Pole, Grab Rail, and Draught Screen Pole, with a net value excluding tax.

Business Overview and Product Range

Established in 1996, Presstonic Engineering manufactures products for metro rail rolling stock, signaling, and infrastructure. The company supplies to global and domestic Original Equipment Manufacturers (OEMs) and has also expanded into manufacturing kitchen oven parts and bidding for defense parts.

Diverse Product Categories

Presstonic’s product range includes rolling stock interior products like saloon seats and grab pole systems, non-interior products such as cable management systems, and metro rail signaling products. The company also manufactures infrastructure products like steel structures and cable trays.

Expansion Plans and New Products

To increase production capacity, Presstonic has leased additional premises in Bengaluru and purchased new machines, including a turret welding machine. The company has also filed patents for new products like retractable ramp assemblies and stainless steel seating systems.

Recent Order and Clientele

In FY23, the company had an order book of Rs 63.9 crore, with clients like UP Metro, Pune Metro, Mumbai Metro, and Nestle. This new order from BEML further strengthens its position in the metro rail and infrastructure sectors.

IPO and Financial Overview

Presstonic Engineering went public with an Initial Public Offering (IPO) in December 2023, raising Rs 23.3 crore. In FY24, its revenue was primarily driven by product sales, with a small portion from interest and written-back liabilities. The company's strong order book and expansion plans suggest continued growth.