Engineered Mechanical Seal Manufacturer Partners With Saudi Thalate General Manufacturing Industrial Co Ltd (STG) In Saudi Arabia
The company has a market cap of Rs 522 crore and the stock is up by 32.8 per cent from its 52-week low of Rs 448 per share.
The partnership between Sealmatic India Limited and Saudi Thalate General Manufacturing Industrial Co Ltd (STG) marks a significant milestone in Sealmatic's expansion into the Kingdom of Saudi Arabia. This collaboration aligns with the growing relationship between KSA and India, especially in trade, energy, and investment. KSA, a dominant player in the global energy landscape, offers immense potential for Sealmatic's mechanical sealing solutions as the region's process industries continue to expand.
Saudi Thalate (STG), a locally owned company with extensive experience in industrial solutions, will partner with Sealmatic to provide sales, repair, and refurbishment services for mechanical seals to various sectors in KSA. Sealmatic, with its global expertise and high-performance mechanical seals, aims to cater to the diverse needs of KSA's customers through this partnership. This collaboration signifies a new era for mechanical seals in the KSA region, combining global expertise with local insights to deliver excellence and customer satisfaction. As Sealmatic's presence in KSA grows, it strengthens the bond between KSA and India, showcasing the spirit of cooperation and growth that unites these two nations.
Earlier, Sealmatic India Limited has achieved a major milestone by securing an order for engineered mechanical seals from BHEL for the DVC Raghunathpur Thermal Power Station Phase-II. These seals will be used in critical applications such as boiler feed pumps, booster pumps, turbine pumps, and condensate extraction pumps. This strategic partnership not only solidifies Sealmatic's position in the power plant sector but also paves the way for long-term O&M business opportunities. The order underscores Sealmatic's reputation for delivering high-quality and reliable products, meeting the stringent requirements of supercritical power plants. This significant expansion of business in the power plant sector positions Sealmatic as a key player in India's energy infrastructure.
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About the Company
Sealmatic India Ltd, established in 2009, designs and manufactures a wide range of sealing solutions for various industries. They are ISO certified and specialize in engineered mechanical seals and sealing support systems used in rotating equipment like pumps, turbines, and mixers. Their product portfolio includes various types of seals like standard cartridge, pusher, split, and gas-lubricated seals. They cater to a diverse clientele across oil & gas, refinery, chemical, pharmaceutical, power, and many other sectors. Their reach extends beyond India, with a presence in over 45 countries worldwide, supplying leading names like KSB, Flowserve, and Xylem.
The company has a market cap of Rs 522 crore and the stock is up by 32.8 per cent from its 52-week low of Rs 448 per share.
Disclaimer: The article is for informational purposes only and not investment advice.