Talbros Automotive Components Limited's JV Wins multi-year order for supplies of BIW parts to a large European Car Manufacturer
(Time Zone: Arizona, USA)
Marelli Talbros Chassis Systems Pvt. Ltd., the 50% JV company of Talbros Automotive Components Limited today announced that it has received multi-year order from a Large European Car Manufacturer. The Order is for supplying BIW (Body in White design) parts.
The order supplies will begin in Q1FY22 from the JV Company's plant in Pune, Maharashtra. The annual order value is estimated at Rs. 14.4 crores. The order value is estimated at approximately Rs. 92 crores over the life of the contract. No major investments will be required to fulfil this order as the JV Company has sufficient capacity.
Commenting on the development Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: "We had a great start of the year 2021 by addition of this order to our portfolio. This order is our second large win in the current financial year and is a testimony to our capabilities of a trusted and quality focused supplier in the Auto Components Industry. This order further enhances the revenue growth visibility and will lead to operating leverage benefits due to low level of capex required to fulfil this order.
We remain buoyant on the export opportunities for Indian Auto Components Industry and believe the positive momentum to continue for specialized manufacturers like us."
Shares of TALBROS AUTOMOTIVE COMPONENTS LTD. was last trading in BSE at Rs.181.5 as compared to the previous close of Rs. 180.1. The total number of shares traded during the day was 12733 in over 921 trades.
The stock hit an intraday high of Rs. 195 and intraday low of 179.55. The net turnover during the day was Rs. 2396079.