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Autolite India Ltd receives order for 13 million automotive lamps

Posted On: 2019-02-11 12:53:25

Autolite (India) Limited, the flagship company of the AUTOPAL MPG Group has bagged an Order from Global Automotive MNC to supply 13 Million Automotive Lamps. The Deal is worth $ 6.5 Million (Approx. Rs. 46.8 Crores at Current USD level).

The buyer has conducted a multi-layer pre-order Audits in the parameters of Quality, Plant Capabilities, Working Systems, etc which finally culminated with this big order by the leading MNC to AUTOPAL MPG Group in competition with its domestic & global peers. It is in perfect harmony with Autolite Group's Commitment towards Quality standards, Global Technological Standards & high Level of Customer Centric Approach in line with the prerequisites of the Global Buyers.

The Company has a pact with the buyer under Non-Disclosure Agreement to refrain from disclosing the name of the buyer.

Shares of AUTOLITE (INDIA) LTD. was last trading in BSE at Rs.29.35 as compared to the previous close of Rs. 31.1. The total number of shares traded during the day was 8425 in over 107 trades.

The stock hit an intraday high of Rs. 29.8 and intraday low of 27.7. The net turnover during the day was Rs. 239544.


Source: Equity Bulls

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