Talbros Automotive Components receives multi-year order worth ~Rs. 150 crores

Talbros Automotive Components Limited, through its Joint Venture Talbros Marugo Rubber has received a new multi years order worth Rs. 150 crores for Rubber Hoses which will be directly used to facilitate the E20 fuel mechanism from multiple passenger vehicle (PV) OEMs in India. This order is to be executed over a period of next 5 years.

The Government of India has laid down a target of achieving 20% ethanol blending in petrol by 2025 which will be known as E20. With the use of Biofuel, it will certainly help reduce pollution levels and reduce imports of crude oil in our country. The rubber hoses manufactured by Talbros are E20 compliant. This embarks Talbros' journey towards sustainability.

With this order, the Company has added orders worth over Rs. 1,000 crores during the current financial year across its business divisions, product segments and JVs.

Shares of Talbros Automotive Components Limited was last trading in BSE at Rs. 542.80 as compared to the previous close of Rs. 542.15. The total number of shares traded during the day was 27302 in over 3048 trades.

The stock hit an intraday high of Rs. 592.15 and intraday low of 536.50. The net turnover during the day was Rs. 15486521.00.

Source : Equity Bulls

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