Kranti Industries Limited Expands EV Sector Footprint with New Customer Kalyani Technoforge Limited

Kranti Industries Limited, a prominent auto ancillary company renowned for its precision component manufacturing, has announced the receipt of a new purchase order (Sample Order) from Kalyani Technoforge Limited. This order, numbered 4600066524 and dated July 30, 2024, is valued at approximately ₹13.6 lakh. This significant milestone reflects Kranti Industries' ongoing expansion into the electric vehicle (EV) sector.

Kranti Industries will provide precision machined components to its customer Kalyani Technoforge Limited, having the end application in electric vehicles, adding to its growing portfolio in the EV market. The company is required to submit the sample parts within 4-5 weeks for approval. Upon receiving approval from the customer, will commence series production. This collaboration underscores our dedication to enhancing its capabilities and expanding its partnerships within the rapidly evolving EV sector.

Commenting on this new order win, Mr. Sachin Subhash Vora, Chairman & Managing Director of Kranti Industries Limited, said "I am delighted to share that Kranti Industries Limited has received a prestigious new purchase order from Kalyani Technoforge Limited. This significant development is a testament to our ongoing expansion into the electric vehicle sector. Securing our first order from Kalyani Technoforge, a distinguished member of the Kalyani Group known for its innovative EV parts, is a noteworthy achievement for us.

We are committed to delivering high-quality precision machined components for a specialized EV segment, with plans to submit sample parts for approval soon. Once approved, we will initiate series production. This partnership underscores our dedication to advancing our capabilities and strengthening our presence in the rapidly evolving EV market. I extend my sincere gratitude to our dedicated team, esteemed clients, and trusted partners for their unwavering support as we embrace new opportunities and continue on our path to success."

Shares of Kranti Industries Ltd was last trading in BSE at Rs. 70.25 as compared to the previous close of Rs. 70.05. The total number of shares traded during the day was 27622 in over 204 trades.

The stock hit an intraday high of Rs. 72.78 and intraday low of 69.50. The net turnover during the day was Rs. 1959354.00.

Source : Equity Bulls

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KrantiIndustries INE911T01010 OrderWin KalyaniTechnoforge