Mar 12: India’s leading gaskets manufacturer Talbros Automotive Components Ltd on Monday said that it has received an order under the forgings division, for supply of parts to Dana Spicer India Pvt Ltd, a Tier 1 supplier to prominent commercial vehicle players in the country.
According to the company, these components are heavier in nature and will require an installation of a higher tonnage press. The production will commence from Q1 FY2019.
“The order spans for the life of the model and estimated revenues from the same is about Rs 35 crore per annum. Addition of the new equipment will also add to our manufacturing capability and allow us to supply heavier components including 3 cylinder crank shaft for 4 wheelers & stub axle for LCV as well,” the company said.
Commenting on the orders, Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Ltd, said, “the order is very proud moment for the group as we have a new customer relationship and strengthening of this relationship will accelerate the growth of the company. This order is a further validation of our technical and product development expertise. This is in line with our vision to move up the value chain and supply heavier parts.”
Shares of the company were trading at Rs 274, up 2.72% from the previous closing of Rs 266.75, on BSE at 2.58 pm today.