Press Release for an Acquisition done by Sunita Tools Limited of 51% in Avisan Global Tech Private Limited and Avisan Engineering Enterprises.
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Sunita Tools Limited has acquired a 51% majority stake in Avisan Global Tech Private Limited and Avisan Engineering Enterprises, both part of the Avisan Group focused on naval defence, weapons installation, ship building and ship retrofitting. The Avisan Group reported combined sales of over Rs 6.27 crore in FY25 and holds an order book of over Rs 20.53 crore from clients including the Navy Weapons Department, Hindustan Shipyard, Goa Shipyard, L&T and Cummins. Key projects include installing weapons systems and replacing surveillance/sonar radars on naval ships such as INS Vikrant. The company clarified this is a voluntary, non-binding and non-exclusive collaboration, not a joint venture. The move marks Sunita Tools' expansion into the naval defence segment, complementing its upcoming artillery shells factory.
This acquisition gives Sunita Tools entry into India's growing naval defence and shipbuilding sector, diversifying its revenue beyond engineering and mould base products. The existing Rs 20+ crore order book provides near-term revenue visibility, though the deal size and the non-binding nature of the agreement mean limited immediate financial impact and execution risk remains.