Talbros Auto Components announces aggregate orders worth USD 31mn

Talbros Automotive Components Limited, has received aggregate orders worth USD 31mn / Rs. 234cr including orders received in it/ and subsidiary companies. These order span over a period of 5 years starting from I-12FY21 and are expected to be completed by FY26.

Company has enough capacities to cater to this order and will not be requiring any major investments to fulfil this order. This order will therefore provide operating leverage and will enhance the profitability of the company.

A major part of this order has been received from an International OEM based in India and will include domestic as well as exports orders. This order is in the Chassis JV.

Other orders are across the Forging and Gaskets and Rubber JV of the company. These orders are catering to Domestic and International markets.

Commenting on the order Mr. Anuj Talwar, it. Managing Director, Talbros Automotive Components Limited said "Over the last few years we have made lot of efforts towards product development and testing with Global Auto majors. We are extremely proud to report that we have made significant inroads and have bagged multi-year orders. Our exports now cater to USA, UK, Europe and Japan.

It is a huge validation of our technical capabilities and opens the doors for many large customers for us. In these tough times, these orders will hugely benefit the brand equity of Talbros Group and further enhance our commitment to 'Make in India Initiative' of the Government of India. It clearly provides us long term visibility and business momentum."

Shares of TALBROS AUTOMOTIVE COMPONENTS LTD. was last trading in BSE at Rs.99.9 as compared to the previous close of Rs. 105.7. The total number of shares traded during the day was 5022 in over 268 trades.

The stock hit an intraday high of Rs. 105.5 and intraday low of 99.9. The net turnover during the day was Rs. 511434.

Source : Equity Bulls

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