Somi Conveyor Beltings Limited , a manufacturer of heavy-duty material nylon conveyor belts, has announced a significant order win from Steel Authority of India Limited (SAIL). The company has secured an order worth Rs 3.04 crore for supplying various grades of conveyor belts.

Order Details

The order comprises three different types of conveyor belts:

Delivery and Specifications

Somi Conveyor Beltings is expected to deliver the order by February 3, 2026. The conveyor belts will be manufactured using virgin raw materials and will undergo rigorous quality checks:

• HR-120 Grade: 800 mm width, 15 mm thickness, with 5 mm top rubber and 2 mm bottom rubber thickness.
• M24 Grade (1000 mm): 1000 mm width, 15 mm thickness, with 6 mm top rubber and 3 mm bottom rubber thickness.
• M24 Grade (1200 mm): 1200 mm width, 18 mm thickness, with 6 mm top rubber and 3 mm bottom rubber thickness.

Quality Assurance and Inspection

The company has agreed to a pre-dispatch inspection by third-party agencies such as RITES, Lloyds, IRS, Bureau Veritas, SGS, or Inspectorate Griffith. The inspection will be conducted as per SAIL-DSP's Quality Assurance Plan (QAP). Somi Conveyor Beltings will bear the cost of this third-party inspection.

Guarantee and Defect Liability

Somi Conveyor Beltings has provided a guarantee for the proper quality of material and sound workmanship. This guarantee is valid for 18 months from the date of dispatch or 12 months from the date of use, whichever is earlier. In case of any manufacturing defects or failures within the guarantee period, the company is liable to replace the defective supply free of cost within 90 days of notification.

Impact and Outlook

This order from SAIL, a major public sector undertaking, strengthens Somi Conveyor Beltings' position in the industrial conveyor belt market. The company's ability to secure orders from prestigious clients like SAIL may be seen as a testament to the quality of its products and its manufacturing capabilities.

The successful execution of this order could potentially lead to more business opportunities with SAIL and other steel manufacturers, contributing to the company's growth in the future. However, investors should note that the company's performance will depend on various factors, including raw material costs, operational efficiency, and overall market conditions in the steel and mining sectors.

Somi Conveyor Beltings Limited has announced a new domestic order worth Rs 30.67 lakh from Essar Bulk Terminal (Salaya) Limited. This development marks a positive step for the company in expanding its order book and strengthening its position in the conveyor belt industry.

Order Details

The order specifics are as follows:

Key Points

• The order is for supplying fabric conveyor belts, which are crucial components in material handling systems.
• Somi Conveyor Beltings is required to deliver the product within a tight timeline of 15 days from the date of the purchase order, demonstrating the company's confidence in its production and delivery capabilities.
• The company has confirmed that this transaction does not fall under related party transactions, ensuring transparency in its business dealings.
• Neither the promoter, promoter group, nor any group companies have any interest in Essar Bulk Terminal (Salaya) Limited, the entity awarding the order.

This new order showcases Somi Conveyor Beltings' ability to secure contracts from reputable clients in the industrial sector. The quick turnaround time required for this order may indicate the company's operational efficiency and its capacity to meet urgent client needs.

For investors and market observers, this development provides insight into Somi Conveyor Beltings' ongoing business activities and its position within the industrial equipment supply chain. The order's value contributes to the company's revenue stream and may be seen as an indicator of demand for its products.

As the conveyor belt industry plays a crucial role in various sectors including mining, power, steel, and cement, such orders can be indicative of broader industrial activity. However, it's important for stakeholders to consider this information as part of a larger picture when assessing the company's overall performance and market position.