Somi Conveyor Beltings Ltd announced securing orders worth Rs. 3.04 crore from Steel Authority of India Limited for supply of high-grade nylon conveyor belts. This order reinforces the company’s strong domestic market presence in the heavy-duty conveyor belt segment.
Somi Conveyor Beltings Limited has successfully secured new orders amounting to Rs. 3,03,91,260 from Steel Authority of India Limited (SAIL), according to the latest corporate disclosure. The orders entail supplying a substantial quantity of heavy-duty nylon conveyor belts across multiple grades, strengthening Somi’s footprint in the industrial conveyor belt sector.
The contracts awarded cover the delivery of 15,800 meters of specialized nylon conveyor belts including 800 meters of Grade HR-120, 4,000 meters of Grade M24 at Rs. 1,689 per meter, and 10,000 meters of Grade M24 at Rs. 2,226.75 per meter. These orders are for domestic supply and underscore SAIL’s continued reliance on Somi Conveyor Beltings for quality conveyor material.
This significant procurement aligns with Somi’s strategic focus on serving large-scale industrial clients such as mining, steel, and infrastructure sectors, showcasing its robust manufacturing capabilities and market trust.
Key Highlights:
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New orders secured from Steel Authority of India Limited totaling Rs. 3.04 crore
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Supply of 15,800 meters of heavy-duty nylon conveyor belts in multiple grades
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Unit rates ranging from Rs. 1,689 to Rs. 2,226.75 per meter indicating premium quality materials
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Orders awarded by a key domestic industrial entity, reinforcing Somi’s market leadership
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Delivery focused on fulfilling large-scale industrial conveyor needs within India
This development is expected to positively impact Somi Conveyor Beltings’ near-term revenue visibility and reinforces its position as a leading supplier in the conveyor belt industry.
Source: NSE Circular and Corporate Disclosure by Somi Conveyor Beltings Ltd