Sunita Tools Limited said it has received 100 percent advance payment under an Interim Sales Agreement for the supply of NATO specification and standard 155 mm M107 empty shells as a prototype consignment. The advance payment relates to the first lot of prototype NATO standard shells that the company is required to supply under the agreement.
The advance payment has been received against the prototype consignment that forms the initial stage of the defence order supply arrangement. The company said the prototype NATO standard shells will be delivered as the first lot under the interim agreement.
The company stated that the development marks progress in the execution of its defence manufacturing initiatives and the supply process under the agreement. Sunita Tools said it will continue to inform stakeholders of further material developments related to the order.
“We are pleased to announce that we have received 100% advance payment for the for NATO standard 155mm M107 shells prototype order, This Sales agreement seals the deal for our Line 1 and Line 2 in our factory and opens pathway for supplies to more NATO std customers. With the Trusted Team and efficient working, we will make sure that the supplies are made well in time and of specified quality standards,” said Sanjay Pandey, Chairman and Whole Time Director of Sunita Tools Limited.
Sunita Tools Limited is an engineering and mould base manufacturer with more than 36 years of experience in the engineering and mould base industry. The company manufactures ground plates, mould bases, and precision CNC machining components used in sectors including automotive, pharmaceutical, electronics, consumer goods, aerospace and defence, including aerospace parts and empty artillery shells.
