Kranti Industries Ltd gets clearance from customer for start of commercial production

Kranti Industries Ltd has received clearance from its customer CNH Industrial Belgium NV based in Belgium and Grand Island for the start of commercial production of the products of Agri Implements Products (NGC) ("The Project").

The Company has developed total 5 (five) specialised precision parts for the said project and have submitted the samples and trail batches in past 12 (Twelve) months, now the company has received the approvals from the customer and the schedules for next 4 (four) quarters. The company will ramp up its production in line with the customer requirement and will start supplies by the end of month of October, 2024 and onwards.

Shares of Kranti Industries Ltd was last trading in BSE at Rs. 65.19 as compared to the previous close of Rs. 62.99. The total number of shares traded during the day was 37769 in over 428 trades.

The stock hit an intraday high of Rs. 68.97 and intraday low of 62.05. The net turnover during the day was Rs. 2497894.00.

Source : Equity Bulls

Keywords

KrantiIndustries INE911T01010 Clearance Customer CommercialProduction