Mumbai, November 12 (Udaipur Kiran): Shares of Somi Conveyor Beltings Ltd traded higher on Tuesday after the company announced that it has received a ₹3.04 crore order from the Steel Authority of India Ltd (SAIL) for the supply of heavy-duty nylon conveyor belts.
The stock was trading at ₹154.75, up ₹2.80 or 1.84% from its previous close of ₹151.95 on the BSE. It opened at ₹154.95 and touched a high of ₹155.05 and a low of ₹154.10 during the session. A total of 204 shares were traded on the counter so far.
The BSE Group ‘B’ stock, with a face value of ₹10, currently has a market capitalisation of ₹182.53 crore. It has recorded a 52-week high of ₹228.00 (on December 26, 2024) and a 52-week low of ₹122.00 (on February 19, 2025). Over the past week, the scrip traded between ₹149.00 and ₹136.05.
Promoters hold 59.09% of the company’s shares, while institutional investors and non-institutional investors hold 0.09% and 40.81%, respectively.
According to the company’s filing, the order includes the supply of:
800 metres of Heavy Duty Material Nylon Conveyor Belt (Grade HR-120) at ₹1,709.70 per metre
4,000 metres of Heavy Duty Material Nylon Conveyor Belt (Grade M24) at ₹1,689.00 per metre
10,000 metres of Heavy Duty Material Nylon Conveyor Belt (Grade M24) at ₹2,226.75 per metre
The order, valued at ₹3.04 crore, is expected to be executed by February 3, 2026.
Somi Conveyor Beltings Ltd is engaged in the manufacturing and export of rubber conveyor belts of various grades used in material handling across industries such as mining, steel, cement, and power.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
