Rail & Metro Engineering Company Bags New Orders Worth Rs 34,21,821 From United States of America
The company has a market cap of Rs 86.52 crore with the promoters holding a 58 per cent stake and the public owning a 42 per cent stake.
Presstonic Engineering Limited secured two Purchase Orders (700388-00 and 700389-00) from a prominent US-based oven appliance manufacturer. These orders, totalling Rs 34,21,821 (net value excluding tax), are for the development of tooling to produce components for Commercial Kitchen Cook & Hold ovens, as per the specified technical requirements and terms. This marks a significant expansion for Presstonic, adding the commercial kitchen equipment sector to its existing portfolio, which already includes the manufacturing of parts for the Rail and Metro industries.
Earlier, the company secured a significant purchase order from BEML Limited, Bengaluru, to supply Seat Kit Items (excluding seats) for the BMRCL-5RSDM Project. The order is valued at Rs 2,27,69,757.56 (net value excluding tax). Presstonic Engineering will be responsible for supplying the components under the technical specifications and terms outlined in the purchase order
Established in 1996, Presstonic Engineering Ltd. is a prominent manufacturer specializing in a diverse range of products for the rail and metro industry. Their portfolio encompasses metro rail rolling stock products, railway signalling products, and infrastructure products, catering to both domestic and international original equipment manufacturers (OEMs).
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Presstonic Engineering Ltd. has a strong track record of supplying high-quality components to leading players in the rail and metro sectors. Their product offerings include a wide array of interior and non-interior rolling stock components, signalling equipment, and infrastructure solutions. Notably, the company has diversified into manufacturing premium kitchen oven parts for the North American market and is actively pursuing opportunities in the defence sector.
The company has a market cap of Rs 86.52 crore with the promoters holding a 58 per cent stake and the public owning a 42 per cent stake. The shares of the company have an ROE of 18 per cent and an ROCE of 19 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.