Presstonic Engineering Limited announced that it had received a purchase order from BEML Limited, Bengaluru. The contract is for the supply of floor seat screws as part of the BMRCL-5 RSDM Project. The order, placed under PO number BR01/RMW/9710009056/0, is valued at ₹91,64,307.29 excluding taxes and adheres to BEML’s technical specifications and conditions.
Following this disclosure, Presstonic Engineering’s shares rallied and hit the 10% upper circuit on April 1, 2025. While the order falls within the scope of regular business, the market’s positive response reflected investor optimism towards the company’s recent developments and growing order book.
Just days before the BEML order, on March 27, 2025, Presstonic also secured a separate purchase order from the Integral Coach Factory (ICF), Chennai. This order, listed under PO number 07243232100937, is for the supply of stainless steel seats. The net value of this order is ₹98,52,645, again excluding taxes. As with the BEML order, this too is a regular course of business transaction and was duly disclosed as per SEBI norms.
BEML is a leading public sector undertaking involved in manufacturing for defence and railways, while ICF is one of Indian Railways’ most prominent coach manufacturing units. Presstonic’s engagement with these high-profile clients indicates the company’s consistent participation in large-scale national infrastructure and mobility projects.
Press tonic Engineering manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, Infrastructure Products and supplies to renowned Global and Domestic OEM’s engaged in the Rail and Metro Rail Rolling stock and Signalling equipment’s manufacturing and servicing companies.
The receipt of this purchase order from BEML Limited marks a significant milestone for Presstonic Engineering Limited, reinforcing its credibility as a trusted supplier for large-scale infrastructure projects. With a contract value exceeding ₹91 lakh, this order not only adds to the company’s order book but also strengthens its association with key government undertakings like BEML.
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Published on: Apr 1, 2025, 3:41 PM IST
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