Talbros Automotive Components Ltd receives new multi year orders worth Rs. 400+ crores

Talbros Automotive Components Limited receives new multi years orders worth ~Rs. 400 crores for both, domestic and overseas customers across all the divisions and varied segments. These orders are to be executed over a period of next 4-6 years covering the company's product lines - gaskets, heat shields, forgings, chassis and rubber.

- The order spans across newly invested technologies such as heat shields for which we have secured new customers in the Domestic PV space.

- Further, the Company has received orders from a new overseas customer through which we have entered in the Agri, Construction & off-road segment

- Out of new orders, 18% account for Electric Vehicle (EVs) segment for leading established domestic OEM for PV segment

These orders will help us increase our share with existing customers and new customers across geographies which will help us grow and gain market share in the coming years.

Shares of Talbros Automotive Components Limited was last trading in BSE at Rs. 510.55 as compared to the previous close of Rs. 498.30. The total number of shares traded during the day was 18253 in over 1799 trades.

The stock hit an intraday high of Rs. 524.50 and intraday low of 502.05. The net turnover during the day was Rs. 9363402.00.

Source : Equity Bulls

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