Sunita Tools Wins Rs Two Billion Defence Export Order

27 May 2025 CW Team

Sunita Tools Ltd has received a major Letter of Intent for supplying 100 thousands empty 155mm M107 artillery shells to a NATO country, with batch deliveries of ten thousand units starting Q3 2026. The Ministry of Defence of that country will issue the End-User Certificate.

This follows a previous LOI announced in March and positions the firm’s artillery business with a steady supply outlook through 2028. Sunita Tools is finalising its infrastructure and team setup to meet the large-scale production timeline as outlined.

With over 36 years in engineering and mould base manufacturing, the company has diversified into aerospace and now defence sectors. Its Vasai-based facility supports operations with access to logistics and skilled manpower. The company delivers customised high-precision components across industries including automotive, electronics, and pharmaceuticals.

Classified as a major project valued between Rs Two billion and Rs Three billion, this order marks a milestone in the firm’s growth. Management confirmed preparations are underway to ensure timely execution and high-quality standards.

Source:Press release by Sunita Tools Ltd

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..