Sansera Engineering wins over INR 3,066 cr order from a leading North American OEM for connecting rods

Sansera Engineering Ltd has been awarded a contract for development, manufacturing and supply of connecting rods from a leading North American OEM for its upcoming project. The start of production would be from July 2025 and is expected to run over seven years. The approximate quantity for the contract is over 35 million connecting rods with an estimated revenue of over USD 400 Mn (INR 3,066 crores based on current forex rate).

These parts would be developed for the customer's new technology engine and are likely to be supplied to North America.

Commenting on this achievement, Mr. B R Preetham Group CEO, Sansera Engineering Limited said: "Over the last three decades, Sansera has established itself amongst top 10 suppliers of connecting rods globally (as per Ricardo report). We are proud to support our customer for this order. Being one of the most integral parts in an engine's design, connecting rod will be a very critical component for our customer's new technology engine. Our team of design experts will be closely working with the customer's team to develop the connecting rods required for this project.

We have already been supplying components to multiple locations of this customer for several years. This ~INR 3,000 crores order further strengthens our relationship with them. This order is in-line with the company's strategy to consolidate and strengthen global market share in existing portfolio."

Shares of Sansera Engineering Ltd was last trading in BSE at Rs. 763.15 as compared to the previous close of Rs. 747.55. The total number of shares traded during the day was 7904 in over 1052 trades.

The stock hit an intraday high of Rs. 772.90 and intraday low of 737.50. The net turnover during the day was Rs. 5932815.00.

Source : Equity Bulls

Keywords

SanseraEngineering AutoPartsandEquipment INE953O01021 OrderWin NorthAmericanOEM ConnectingRods