Introduction:
Leading mechanical sealing solutions provider has formed a strategic partnership with Fluiten OOO in Russia. This collaboration aims to enhance market presence by catering to key industries, including petrochemical, power, and water, with a focus on seals’ sale and repair.
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Share price movement of Sealmatic India:
On January 6, 2025, Sealmatic India Ltd. opened at ₹549.90, up 1.2% from its previous close of ₹543.40. The stock reached a high of ₹572.00 (5.28%) and a low of ₹545.05. By 11:36 AM, it traded at ₹547.00, a 0.66% increase, with a market cap of ₹495.04 crore.
Sealmatic India Partners with Fluiten OOO:
Sealmatic India Limited has entered a strategic partnership with Fluiten OOO in Russia to expand its global footprint. The collaboration will offer mechanical sealing solutions to various Russian industries, including petrochemical, power, and water sectors.
The partnership aims to strengthen Sealmatic’s presence in the Russian market by focusing on the sale, repair, and refurbishment of mechanical seals. It will serve prominent companies like Lukoil, Rosneft, Gazprom, and EUROCHEM, along with other EPC companies across critical industries.
Sealmatic sees vast potential in the Russian market and plans to deliver tailored solutions using its expertise. The collaboration marks a significant step in Sealmatic’s global expansion strategy, leveraging Russia’s robust industrial base.
Recent news on Sealmatic India:
As of December 30, 2024, Sealmatic India Limited has acquired an Abu Dhabi Economic License for its joint venture with High Technology FZ. The 50:50 JV will establish Sealtech Seals Repairs and Maintenance, a dedicated service center in Abu Dhabi to cater to the growing demand for mechanical seals in the UAE.
Stock performance of Sealmatic India for Period of 1 week, 6 months and 1 year :
Sealmatic India Limited has seen a 0.74% return over the past week. However, its performance over the last 6 months and 1 year has been down by 24.2% and 1.03%, respectively, reflecting a challenging period for the company.
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Shareholding pattern of Sealmatic India:
| All values in % | Sep 2024 | Mar 2024 |
| Promoter | 72.40% | 72.40% |
| FII | 0.00% | 0.00% |
| DII | 0.10% | 2.90% |
| Public | 28% | 24.70% |
About Sealmatic India:
Sealmatic India Ltd. (BSE: 543782), incorporated in 2009, specializes in manufacturing mechanical seals, pumps, valves, motors, and high-precision spares. The ISO-certified company designs sealing systems for rotating equipment, including pumps, compressors, and steam turbines.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
