Talbros Automotive Components receives multi-year orders worth ~Rs. 400 crores

Talbros Automotive Components Limited has received new multi years orders worth ~Rs. 400 crores from both, domestic and overseas customers across its business divisions, product segments and JVs. These orders are to be executed over a period of next 5-7 years covering the company's product lines - gaskets, heat shields, forgings and chassis.

- Orders received from a leading established export OEM for the Electric Vehicles (EV) for Body in White - Stamped Metal Part for over Rs. 165 crores over 5 years (Expected SOP for these products is FY25). This order is through the Joint Venture - Marelli Talbros Chassis Systems Pvt. Ltd.

- Received orders for Forgings products like Ring Gear, Gear Planet, Spacer, Brake Pistone, Cover King Pin, Planetary Gear and many more from export customers for over ~50 crores over 5 years.

- Received orders worth ~Rs. 65 crores for over 5 years for the heat shield products from multiple domestic OEMs. These order span across new technologies in the heat shield space.

- Received orders worth ~Rs. 120 crores for over 5 years for the gasket products from both domestic and export OEM customers. This includes an order worth ~Rs. 40 crores for EVs from a leading overseas OEM.

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

Shares of Talbros Automotive Components Limited was last trading in BSE at Rs. 724.90 as compared to the previous close of Rs. 738.05. The total number of shares traded during the day was 18675 in over 1133 trades.

The stock hit an intraday high of Rs. 742.30 and intraday low of 720.00. The net turnover during the day was Rs. 13708687.00.

Source : Equity Bulls

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TalbrosAutomotiveComponents INE187D01011 OrderWin