Sunita Tools Limited has entered into an interim sales agreement for the supply of 2,40,000 empty NATO-specification 155mm M107 artillery shells.
The order involves the production and supply of NATO-standard empty artillery shells over a period of 24 months at a rate of 10,000 units per month once advance payments and formalities are completed.
The payment structure includes a rolling advance equivalent to 50% of three months’ supply, with monthly deliveries paid prior to dispatch. The company expects monthly billing of approximately ₹24 crore once supplies begin.
The buyer involved in the agreement is registered with the Department for Promotion of Industry and Internal Trade (DPIIT). The agreement is non-exclusive, allowing the company to supply to other customers as well.
The deal represents an important milestone in Sunita Tools’ strategy to expand its presence in the global defence and aerospace manufacturing sector.