JODHPUR, India – November 11, 2025 – Somi Conveyor Beltings Ltd. (BSE: 533001, NSE: SOMICONVEY), a leading manufacturer of conveyor belts, today announced that it has secured a significant new order from the Steel Authority of India Limited (SAIL). The company made the announcement in a regulatory filing to the BSE and the National Stock Exchange of India.
Order Details and Financial Impact
The total value of the order is ₹30,391,260 (Three Crore Three Lakh Ninety-One Thousand Two Hundred Sixty Rupees). This supply order was issued by SAIL’s Durgapur Steel Plant (DSP) on November 4, 2025.
The contract involves the supply of 14,800 meters of Heavy-Duty Nylon Conveyor Belts of various grades and specifications, which are critical components for industrial material handling.
Breakdown of the Supply Order:
- 800 meters of HR-120 grade conveyor belt, with a unit rate of ₹1,709.70.
- 4,000 meters of M24 grade conveyor belt, with a unit rate of ₹1,689.00.
- 10,000 meters of a higher-specification M24 grade conveyor belt, with a unit rate of ₹2,226.75.
The company has until February 3, 2026, to execute the entire order.
Strategic Significance and Compliance
In its filing, Somi Conveyor Beltings confirmed that the order is a domestic contract awarded by a premier public-sector undertaking. The company also stated that its promoters, promoter group, or group companies have no interest in SAIL, and the transaction does not qualify as a related party transaction.
This order falls under a pre-existing Rate Contract, indicating a continued and trusted supplier relationship between Somi Conveyor Beltings and SAIL. The contract includes standard industrial clauses such as third-party inspection, an 18-month guarantee on materials, and provisions for price variation based on official indices.
Management Statement
The announcement was signed by Mr. Vimal Bhansali, Whole-time Director of Somi Conveyor Beltings Ltd., in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
About Somi Conveyor Beltings Ltd.
Somi Conveyor Beltings Ltd. is based in Jodhpur, Rajasthan, and specializes in the design, manufacturing, and supply of conveyor belts used in various industries, including steel, cement, and mining. The company has been publicly listed since 1993.
Disclaimer: This article is based on a regulatory filing made by Somi Conveyor Beltings Ltd. to the stock exchanges. Investors are advised to consult certified experts before making any investment decisions.
Disclaimer: Not a SEBI Registered Analyst
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