Announcement under Regulation 30 (LODR)-Press Release / Media Release.
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Sunita Tools Limited has completed the purchase of plant and machinery from T S Kisan & Co. Pvt Ltd, a non-functioning artillery shell manufacturer that previously supplied to the Ministry of Defence. The acquisition includes 3 critical hydraulic presses and other machines needed for artillery shell manufacturing, and a new facility has been set up in Faridabad with a GST number in place. The machinery is currently being overhauled and refurbished before full-scale production begins. The company already has Letters of Intent (LOIs) with customers and plans to produce 155mm shells, variants of 155mm shells, and 120mm mortars. Mr. Tarun Thapar, formerly production in-charge at TSK, has been appointed as Executive Director to lead the new operations. This marks the company's major push into the Defence and Aerospace sector, alongside its existing mould base and precision CNC machining business.
This is a significant strategic diversification into the defence manufacturing sector, which could unlock new high-value revenue streams given India's growing defence procurement. However, production is still pre-commissioning and the actual financial payoff depends on successful trial runs and conversion of LOIs into firm orders.