Rs 7000,00,00,000 project: This mechanical seals manufacturing company bags order worth Rs 15 crore from Kirloskar Ebara Pumps Pvt Ltd

The company has a market cap of Rs 480 crore and the stock is up by 65 per cent from its 52-week low of Rs 324.50 per share.

Sealmatic India Limited (Sealmatic), a leading force in the mechanical seal industry, has secured a triumphant order valued at Rs. 15 crore for the Mongol Refinery project in Mongolia. This prestigious accolade, awarded by Kirloskar Ebara Pumps Pvt Ltd, a key Original Equipment Manufacturer (OEM), through Engineers India Ltd, marks a significant milestone for Sealmatic's journey.

The order itself signifies a substantial win for Sealmatic. This project will see them supply the highest quantity of mechanical seals ever provided by a single company for a refinery project. The specifics of the order include a total of 247 mechanical seals and 187 API 682 Plans. These API 682 Plans are further broken down into 87 units of API Plan 52, 74 units of API Plan 53B, and 26 units of API Plans 21 & 23. This project win underscores Sealmatic's capability to deliver high-quality and dependable mechanical seals for challenging large-scale projects, especially those under extreme climatic conditions.

The Mongol Refinery project itself is a pivotal infrastructure project for Mongolia worth Rs 7000,00,00,000. Situated near Ulaanbaatar, Mongolia's capital city, the refinery is a government-to-government (G2G) initiative designed to strengthen the country's economic development and energy security. The refinery is being constructed under extreme climatic conditions, with temperatures ranging from a frigid -35°C to a scorching +40°C. Once completed, the refinery is expected to produce a significant 1.5 million tonnes of crude oil annually. This will not only fulfil Mongolia's domestic demand for products like gasoline, diesel, aviation fuel, and LPG but will also ultimately reduce the country's reliance on oil imports from Russia. This project is anticipated to enhance Mongolia's energy independence and economic stability.

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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 to leading names like KSB, Flowserve, and Xylem.

Today, shares of Sealmatic India Limited plunged 0.77 per cent to Rs 530 per share with an intraday high of Rs 537 and an intraday low of Rs 505.50. The company has a market cap of Rs 480 crore and the stock is up by 65 per cent from its 52-week low of Rs 324.50 per share.

Disclaimer: The article is for informational purposes only and not investment advice.