Sealmatic India enters UAE to explore USD 60 million mechanical seal market | Stock Updates

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Shares of the company gained about 90% in the last six months.

Indian mechanical seal manufacturer Sealmatic India Limited has partnered with the UAE’s Habshan Trading Company to sell, repair, and refurbish Sealmatic mechanical seals in Abu Dhabi.

This partnership will serve customers in the oil and gas, petrochemical, power, water, desalination, chemical, and other process industries. By partnering with Habshan, a company with a strong local presence and a deep understanding of the region’s industries, Sealmatic aims to cater to the varied needs of customers in the UAE by offering its global standards of excellence.

Sealmatic has tremendous global experience with great success in supplying high-performance mechanical seals to the oil & gas, power generation, and water sectors. The partnership between Sealmatic and Habshan heralds a new chapter in the field of mechanical seals in the UAE region. It is a synergy of global expertise and local insight, driven by a commitment to excellence and customer satisfaction.

The mechanical seals market in UAE currently has a market size of USD 60 million.
The partnership between Sealmatic and Habshan is a positive development for both companies and for the UAE market. Sealmatic will be able to expand its reach and market share, while Habshan will be able to offer its customers a wider range of products and services. The partnership will also help to create jobs and boost the UAE economy.

Earlier last month, the company entered into a partnership with PSS Group in Thailand for repair, refurbishment services, and engineering applications support centre for mechanical seals in Thailand to services to customers in the oil and gas, petrochemical, power, water, desalination, chemical, and other industries.

Sealmatic India is engaged in the business of designing and manufacturing mechanical seals and associated products. Mechanical seals are mainly used in Oil & Gas, refinery, petrochemical, chemical, pharmaceutical, fertilizer, power, mining, pulp & paper, aerospace, marine, and other industries.

Today, the stock opened at Rs 490.25, with a high and low of Rs 510 and Rs 482.05. The stock is closed trading at Rs 483, down by 1.48%. The stock has a 52-week high of Rs 669 and a 52-week low of Rs 200.

In the last six months, the shares of the company have given about 90% returns, and investors should keep a close eye on this stock.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Sealmatic India secures prestigious TRCU certification; eyes the lucrative Russian market

Article delves into Sealmatic’s recent achievement for its API Seal Supply Systems unlocking the door to the Russian oil & gas sector.

Unlocking the Potential of the Russian Market

Sealmatic India Limited (NSE: SEALMATIC), a leading manufacturer of mechanical seals, has secured the prestigious TRCU 10 and TRCU 32 certifications for its API (682) Seal Supply Systems. This crucial accomplishment marks a significant milestone for the company, granting it access to the lucrative Russian oil and gas sector, a major player in the global energy market. Following this news the stock is currently trading at Rs 785 up 35.15 points or 4.69% for the day as compared to the previous close of Rs 749.85.

Russia ranks among the world’s top three crude producers, boasting significant investments planned for upcoming oil and gas projects valued at a staggering USD 55 billion over the next three years. This presents a substantial opportunity for Sealmatic to expand its reach and tap into this high-growth market.

TRCU Certification

The TRCU (Technical Regulations of the Customs Union) certifications are mandatory requirements for products entering the Eurasian Economic Union (EAEU), of which Russia is a member. TRCU 10 and 32 certifications specifically signify compliance with stringent regulations and standards governing safety and quality within the oil and gas industry.

Achieving these certifications demonstrates Sealmatic’s unwavering commitment to delivering exceptional products that meet the highest industry standards. This not only positions Sealmatic as a reliable partner for Russian oil and gas companies but also opens doors to potential collaborations and contracts within this critical sector.

Beyond Russia

Sealmatic’s success extends beyond the Russian market. The company has recently secured approval from the Abu Dhabi National Oil Company (ADNOC), a prominent player in the global oil industry. This prestigious recognition validates Sealmatic’s quality and reliability, potentially granting them a slice of ADNOC’s upcoming USD 150 billion oil and gas projects over the next five years. The press release was disclosed on February 7, 2024, and on that day the stock closed up at a record high price of Rs 745.65 up 20% for the day with a massive surge in volume.

Furthermore, Sealmatic has received approval from the Directorate General of Quality Assurance (DGQA) for defence applications in India. This signifies the company’s ability to provide products that can withstand the harsh and unpredictable environments encountered in defence operations, opening doors to collaborations and partnerships within the Indian defence sector.

About Sealmatic

Sealmatic designs and manufactures a wide range of mechanical seals and associated products catering to various industries, including oil and gas, refinery, petrochemical, chemical, and many more. Their diverse product portfolio encompasses pusher seals, cartridge seals, bellows seals, engineered seals, and more, ensuring they have the right solution for every sealing requirement.

The company employs a meticulous engineering process, utilising 3D modelling and sophisticated manufacturing techniques to produce high-performance seals that can reliably withstand extreme environments and challenging applications. Their commitment to quality and innovation has earned them a reputation as a trusted partner for leading companies across various industries.

Conclusion

Sealmatic’s recent achievements, particularly the TRCU 10 & 32 certifications for the Russian market, position the company for significant growth in key markets like Russia, the Middle East, and the Indian defence sector. The increased access to new projects and markets has the potential to drive revenue growth and market share expansion for Sealmatic.

With its unwavering commitment to quality, innovation, and a diverse product portfolio, Sealmatic is well-positioned to capitalise on the growing demand for reliable sealing solutions across various industries. The company’s future looks bright, fueled by its dedication to excellence and its strategic expansion into lucrative markets like Russia.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.