Kranti Industries Ltd Commences Production of Agri Implements Project, Strengthening International Partnerships

Kranti Industries Limited, a renowned auto ancillary company specializing in precision component manufacturing, is thrilled to announce the receipt of final clearance for commercial production of its Agri Implements project. This strategic initiative strengthens the company's global presence, catering to esteemed customers in Belgium and Grand Island.

Over the past 12 months, Kranti Industries has developed five specialized precision parts for the project. After rigorous development, submission of samples, and multiple trial batches, the company has successfully secured final clearance from its customer for series production. The company has received production schedules set for the next four quarters, Kranti Industries will begin fulfilling orders starting from October 2024 and gradually scaleup production to meet customer demand in the months ahead. The company's dedication to delivering high-quality parts that meet international standards has reinforced its standing in global markets and helped expand its customer base.

Commenting on this development, Mr. Sachin Subhash Vora, Chairman & Managing Director of Kranti Industries Limited, said ""I am delighted to announce that Kranti Industries has officially commenced production of the parts for Agri Implements project. This significant milestone is a direct result of our team's relentless dedication and expertise in developing precision parts that exceed our customers' expectations. The approval we've received is a testament to our team's exceptional skill and commitment, reinforcing the trust our global partners have in us as a reliable supplier of high-quality components. As we initiate production and scale up to meet upcoming quarterly targets, we remain committed to delivering excellence at every stage. This achievement not only fortifies our relationships with valued customers in Belgium and Grand Island but also unlocks new opportunities for Kranti Industries in the global market. I extend my sincerest gratitude to our customers and entire team for their invaluable contributions, which have made this milestone possible."

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 CommercialProduction AgriImplements