Deals24 Feb 2026, 03:25 pm
Sunita Tools Limited Enters Interim Sales Agreement for 2,40,000 NATO Spec & Standard 155mm M107 Artillery Shells
AI Summary
Sunita Tools Limited has entered into an Interim Sales Agreement for 2,40,000 empty NATO Spec & Standard 155mm M107 artillery shells. The agreement is non-exclusive and the supplies will be made at a rate of 10,000 units per month over a period of 24 months. The payment terms are rolling 50% advance for 3 months supply and monthly supplies paid before delivery adjusting that months advance. The first set of supplies is expected to start as soon as possible.
Key Highlights
- Contract for Order for 2,40,000 empty artillery shells as per NATO std & specs
- To be supplied in a period of 24 months, with some grace period
- Payment terms are Rolling 50 % advance of 3 months supply and Monthly supplies paid before delivery adjusting that months advance
- Approx monthly billing of INR 24 Crore will start post all formalities done and advance received
- The buyer is DPIT registered thus they will issue DP02 and take supplies till our DPIIT is in place
- First set of Supplies starts as soon as Possible
- It’s a non-exclusive Agreement thus some part of our production can be given to any or more customers as and when we get