Pritika Auto Industries starts commercial production of New Components

Pritika Auto Industries Limited, one of the North India based leading manufacturers of precision machined components for the tractor and Heavy Commercial Vehicles in India, is pleased to announce the start of commercial production of the ordered components from a leading multinational Tractor Manufacturer in India after successful completion of inspection and trials at the customer end. The components include -

1. Case (Hyd. Cylinder)
2. Bracket Top Link
3. Block (Hyd)
4. Tube Cylinder

The total business value of the above said component will be approximately Rs. 20.00 Crores per annum in addition to current order book. At the same time, these orders have a long term visibility spanning to over next four to five years with volume of Rs. 80 Crores to 100 Crores.

Shares of Pritika Auto Industries Ltd was last trading in BSE at Rs. 23.86 as compared to the previous close of Rs. 23.91. The total number of shares traded during the day was 111114 in over 549 trades.

The stock hit an intraday high of Rs. 25.14 and intraday low of 23.64. The net turnover during the day was Rs. 2702436.00.

Source : Equity Bulls

Keywords

PritikaAutoIndustries INE583R01029 CommercialProduction NewComponents