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interim budget 2024: Expect hike in custom duty on compressors, implementation of phased manufacturing programme: Amber Enterprises CMD

Jasbir Singh, Chairman & CEO of Amber Enterprises, says he expects phased manufacturing programme implementability to be in line. He also anticipates an increase in custom duty on the compressor side. Additionally, he notes that five companies are setting up compressor plants in India. Singh highlights the government s initiatives and incentives for entrepreneurs in India.

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Amber, Titagarh Rail Systems in deal for train components business

The SPV will set up a new facility in India to manufacture critical railway components and subsystems used in the manufacture of railway and metro coaches

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amber enterprises: Expect 19-21% ROCEs on a consolidated basis in next 3 years: Jasbir Singh, Amber Enterprises

Jasbir Singh of Amber Enterprises discusses the expansion of the company into the railway segment. Amber Enterprises plans to create a special purpose vehicle (SPV) with Titagarh to provide comprehensive solutions for rolling stock manufacturers, including air conditioners, doors, gangways, pantry systems, and other components. The total addressable market for the railway segment is expected to reach Rs 75,000-80,000 crore in the next five to six years. Amber Enterprises aims to target a bill of material solution of Rs 2-2.5 crore per coach. The company has also diversified into the electronics sector through acquisitions of Iljin and Ascent Circuits.

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EPACK Durable IPO: Four Things To Know Before Subscribing - The Hindu BusinessLine

EPACK Durable IPO: Four Things To Know Before Subscribing - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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EPACK Durable s Rs 640-crore IPO opens today: Should you subscribe to the issue?

EPACK Durable IPO: The price band for the issue, which will close on January 23, has been fixed at Rs 218-230 per share

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