Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India.Business Overview Standard Glass is among the top 5 specialized engineering equipment manufacturers for pharmaceutical and chemical sectors in India (FY24 revenue basis). It provides end-to-end solutions including design, manufacturing, assembly, installation,...
Standard Glass Lining Technology Limited will change its name to Standard Engineering Technology Limited, reflecting a potential shift or broader focus. Its trading symbol will also update from SGLTL to SETL, an operational change for investors.
Standard Glass Lining Technology Limited has changed its name to Standard Engineering Technology Limited. This operational development is now effective, marking a new chapter for the company.
SGLTL reported strong Q2 & H1 financial results. It acquired Scigenics for ₹9 Cr and plans to acquire 51% of C2C Engineering, transforming into a concept-to-commissioning provider. A name change to Standard Engineering Technology Limited is also underway, reflecting diversified engineering capabilities.
Standard Glass Lining Technology Limited will acquire 51% of C2C Engineering Private Limited for Rs. 12.24 Cr cash. C2C, an EPC and engineering services provider with a recent turnover of ~20.11 Cr, boosts SGLTL's strategic growth and market presence.
SGLTL's subsidiary acquired Scigenics (India) Pvt Ltd's business for Rs 9 Cr cash. This expands SGLTL's product portfolio in biotech/chemical equipment, boosting market presence. Scigenics (India) reported turnovers of approx 35.78 Cr, 27.39 Cr, 29.24 Cr over the last three years.
