Suprajit Engineering Limited launches Braking Products Division

Suprajit Engineering Limited has announced the launch of its "Braking Products Division". This division has been setup in a fully renovated and refurbished plant at plot no 132, Bommasandra Industrial Area, Bangalore 560099.

The division will start deliveries in this quarter to select OEM customers and aftermarket. The braking division will house brake shoes, brake pads, brake liners, CBS, Mechanical Disc Brake Systems (MDBS) and offer a comprehensive range of braking products for its valued customers.

The braking division's financials will be declared within the Domestic Cable Division (DCD), for the time being.

Mr. Ajith Kumar Rai, Founder and Chairman of Suprajit Group said "Our journey to develop a comprehensive range of proprietary products is taking a firm shape through Suprajit Technology Centre (STC). Our expertise to scale up and manufacture to serve industry-leading OEMs and the aftermarket is taken to a new dimension and is now "Beyond Cables". After starting the Suprajit Electronics Division (SED) in November 2022, launching another division as a business vertical is a significant step in making Suprajit a name to reckon with, in the auto component industry".

Shares of Suprajit Engineering Limited was last trading in BSE at Rs. 390.15 as compared to the previous close of Rs. 393.60. The total number of shares traded during the day was 20463 in over 2943 trades.

The stock hit an intraday high of Rs. 396.45 and intraday low of 386.80. The net turnover during the day was Rs. 8001459.00.

Source : Equity Bulls

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SuprajitEngineering INE399C01030 BrakingProductsDivision