Rail & Metro Engineering Company Bags New Orders Worth Rs 2,22,99,499.74 From BEML Ltd
The company has a market cap of Rs 68 crore with the promoters holding a 58 per cent stake and the public owning a 42 per cent stake.
Presstonic Engineering Limited has secured a purchase order from BEML Limited, Bengaluru for the supply of Ceiling Extrusion for the BMRCL-5 RS DM Project. The order, numbered BR01/RRD/9710008944/0, specifies the technical requirements and terms for the supply, with a total net value of Rs 2,22,99,499.74, excluding taxes.
Earlier, the company has been awarded a significant contract by BEML Limited, Bengaluru. These assemblies are destined for the BMRCL-5RSDM Project and will be incorporated into 318 rail cars. The order mandates strict adherence to the technical specifications and terms and conditions outlined within the Purchase Order. The total order value, excluding taxes, amounts to a substantial Rs 14,51,27,900.84.
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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).
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 68 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.