Shares of Sealmatic India Ltd. surged 6% to reach a day’s high of Rs 642 on 24th September, after the company secured an order from Bharat Heavy Electricals. The order is for engineered mechanical seals for the supercritical power plant at the DVC Raghunathpur Thermal Power Station Phase.

The Nuclear Power Corporation of India is constructing 14 additional 700 MW nuclear power reactors, which are anticipated to begin operations by 2031-32. This development creates a new opportunity for Sealmatic, leading to a demand for 100 highly critical mechanical seals and potentially 1,400 critical mechanical seals by 2030.

Sealmatic aims to capture a 15% share of the market for these 1,400 nuclear mechanical seals, according to the company’s management.

This firm is the only approved vendor for supercritical applications for 660 MW power plants at BHEL, alongside a few foreign vendors.

They design and manufacture high-precision and heavy-duty mechanical seals, which are widely used in various applications in both nuclear and thermal power plants.

So far in 2024, the shares have risen by almost 10%. The company’s market capitalisation stands around Rs 561 crore.

At 12:40 PM, the shares of Sealmatic India were trading 2.71% higher at Rs 619.95 on BSE.

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