CALCULATE YOUR SIP RETURNS

Presstonic Engineering Hits 10% Upper Circuit After Securing ₹91.64 Lakh Order from BEML

Written by: Team Angel OneUpdated on: Apr 1, 2025, 3:41 PM IST
Presstonic shares surged 10% after receiving a ₹91.64 lakh order from BEML for floor seat screws under the BMRCL-5 RSDM project.
Presstonic Engineering Hits 10% Upper Circuit After Securing ₹91.64 Lakh Order from BEML
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

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.

Presstonic Share Price Hit 10% Upper Circuit

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.

Another Order Secured from Integral Coach Factory, Chennai

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.

Client Profiles and Strategic Relevance

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.

About Presstonic Engineering 

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. 

Conclusion

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. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Apr 1, 2025, 3:41 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers