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MET Motoren und Fahrzeugtechnik GmbH awarded with contract of Machined Balancer Shaft unit from Linamar Antriebstechnik GmbH

Posted On: 2019-08-15 15:32:54

Precision Camshafts Limited (PCL) is a leading manufacturer and supplier of camshafts in India and globally. PCL is one of the few global players with technological capabilities across all the manufacturing processes - chilled cast iron, ductile iron, hybrid and assembled camshafts.

MFT Motoren und Fahrzeugtechnik GmbH (herein after called as MFT), is a Step Down Subsidiary of the Company through PCL (International) Holding B.V. Netherlands, a Wholly Owned Subsidiary of Precision Camshafts Limited. PCL (International) Holding B.V. Netherlands holds 76% of stake in MET.

MFT is a leading supplier of Machined components to Volkawagen, Audi, Opel, Westfalia and several other clients in its list. It manufactures balancer shafts, camshafts, bearing caps, engine brackets & several nonengine prismatic component.

MET has been awarded with contract of over 180000 Sets of Machined Balancer Shaft Assemblies* from Linamar Antriebstechnik GmbH, Germany over the life of the program. The balance shaft units will be used in Opel PSA engines and is expected to commence supplies from end of FY 2019-20.

The aggregate value of this program over its life time is estimated to be Euro 26.02 million (INR 208 crores).

*Volumes are as indicated by customer and are subject to change.

Shares of Precision Camshafts Ltd was last trading in BSE at Rs.39.4 as compared to the previous close of Rs. 42.3. The total number of shares traded during the day was 3300 in over 67 trades.

The stock hit an intraday high of Rs. 40.8 and intraday low of 39. The net turnover during the day was Rs. 130643.


Source: Equity Bulls

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