Auto sector machine manufacturer bags Rs 16,22,57,900 orders from Bonfiglioli Transmission & CNH Industrial
The stock is up by 96 per cent from its 52-week low of Rs 59 per share.
Kranti Industries Limited has secured a significant New Part Development Order from Bonfiglioli Transmissions (Pvt) Ltd, Chennai. This order involves the manufacturing and supply of Housings for Heavy Industrial Machines, a new addition to Kranti Industries' product portfolio. Upon successful development and customer approval, this product is projected to generate an annual business potential of approximately Rs 14.65 crore. Samples are to be submitted by July 2025.
In a separate development, Kranti Industries Limited also received a Business Nomination Letter and a Purchase Order for tooling costs from CNH Industrial (India) Private Limited. This order is for the development and supply of a Hub Extractor Fan, a new variant within their Agri Implements Business segment. This product aims to expand Kranti Industries' agricultural offerings. The total value of this order, which includes tooling costs, is approximately Rs 1,57,57,900. Both orders are from domestic entities, further strengthening Kranti Industries' position in the industrial and agri-equipment sectors.
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About the Company
Kranti Industries Limited (KIL), a BSE-listed company with over four decades of experience, is a globally recognised precision component manufacturer. Holding IATF 16949:2016 and ISO 9001:2015 certifications, KIL caters to leading OEMs in tractors, construction equipment, automotive, and electric vehicle sectors. With three advanced facilities in Pune equipped with 80 production machines and state-of-the-art machining centres, KIL provides end-to-end solutions, showcasing its expertise in crafting innovative components.
Talking about the financials, Kranti Industries has a market cap of over Rs 120 crore. According to the shareholding pattern, the promoters of the company own a 61.90 per cent stake in the company and the rest of the 38.10 per cent stake is owned by the public with a total of 3,286 shareholders as of April 2024.
On Thursday, shares of Kranti Industries Ltd gained 2.41 per cent to Rs 106 per share from its previous closing of Rs 103.50 per share. The stock is up by 96 per cent from its 52-week low of Rs 59 per share.
Disclaimer: The article is for informational purposes only and not investment advice.