Standard Glass Lining Technology Limited (SGLTL) has announced that its material subsidiary, S2 Engineering Industry Private Limited, has entered into an exclusive and long-term supply and purchase agreement with Gale Process Solutions LLC, USA.
Key Highlights of the Agreement:
- Partner: Gale Process Solutions LLC, an affiliate of International Process Plants and Equipment Corporation, USA.
- Effective Date: March 10, 2025.
- Scope:
- Export and supply of stainless steel, carbon steel, and nickel alloy-based products.
- Expansion of SGLTL’s reach into international markets through Gale Process Solutions’ distribution network.
- Size of Agreement: Not determinable at this stage.
- Related Party Transaction: No.
Strategic Significance
- Strengthens SGLTL’s global footprint, expanding its presence in the US and other international markets.
- Enhances SGLTL’s product portfolio in process equipment manufacturing.
- Provides a stable and long-term export opportunity, increasing revenue potential for S2 Engineering Industry Pvt. Ltd.
This agreement aligns with SEBI (LODR) Regulations, 2015, ensuring transparency in the company’s material business developments.
TOPICS:
Standard Glass Lining