Mumbai, March 21 -- According to the company's project classification, the contract is valued between Rs 200 crore and Rs 300 crore. The order involves the delivery of 100,000 pieces, with the supply set to commence at a rate of 7,500 pieces per month until the full order is completed.

The LOI has been issued by a prominent defense supplier from a neutral and friendly country in the Far East. The Ministry of Defence (MOD) of that country will directly issue the End-User Certificate (EUC) to Sunita Tool.

The company stated that an advance payment to secure manufacturing volumes for the order is expected very soon. This significant contract marks a major step forward in Sunita Tools' growth trajectory. In response, the company is preparin...