Sundram Fasteners (Powertrain Components Division) recognized by General Motors as a 2019 Supplier of the Year

Sundram Fasteners Limited (SFL) was named as GM Supplier of the Year by General Motors (GM) during a virtual ceremony honoring the recipients of the Company's 28th Annual Supplier of the Year awards on Wednesday, June 24, 2020.

During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM's expectations, created outstanding value or introduced innovations to the Company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. The recognition is for supplier performance in the 2019 calendar year. This is the 7th time Sundram Fasteners Limited, has received this award.

"Our suppliers play a key role in delivering the products, services and experiences our customers deserve - and these award-winning suppliers went above and beyond our expectations," said Shilpan Amin, GM Vice President, Global Purchasing and Supply Chain.

"We also believe it's important at this point in time to thank our entire supply base for their efforts the last few months to mitigate the impacts of COVID-19," added Amin. "Not only have we been able to safely restart our manufacturing operations, our suppliers played a key role in assisting our initiatives to increase the supply of ventilators and personal protection equipment (PPE) for frontline health care workers to help save lives and keep communities safe."

Says, Ms. Arathi Krishna, Managing Director, Sundram Fasteners Limited, "Recognition is always sweeter when it comes from our customers, we are delighted to receive this award for the 7th time from a highly esteemed and demanding customer like GM. This validates our product consistency and quality. We look forward to continuing our successful relationship."

The Supplier of the Year award winners were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics.

Shares of SUNDRAM FASTENERS LTD. was last trading in BSE at Rs.385.6 as compared to the previous close of Rs. 374.1. The total number of shares traded during the day was 7618 in over 1195 trades.

The stock hit an intraday high of Rs. 392 and intraday low of 367. The net turnover during the day was Rs. 2905466.

Source : Equity Bulls

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