Talbros Automotive's JV Firm Secures Order Worth ₹1,000 Crore freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The order is to be executed over a period of next eight years commencing from the fourth quarter of this fiscal, the company said in a regulatory filing.
Talbros Automotive Components announced securing a significant multi-year contract worth approximately Rs 1,000 crore from a European OEM for its joint venture firm, Marelli Talbros Chassis Systems (MTCS). The contract spans eight years, starting from the fourth quarter of this fiscal year. It involves supplying suspension arms for both traditional internal combustion engine vehicles and modern electric vehicle platforms.
Talbros Automotive Components receives multi-year orders worth ~Rs. 400 crores equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Talbros Q3 net profit rises 144% at Rs 10.6 crore
Total Income from operations rose 35.6 per cent to Rs 132.1 crore in the third quarter of financial year 2020-21 as compared to Rs 97.4 crore revenue in October-December period of the previous fiscal year. PTI
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Auto component maker Talbros on Friday reported a whopping 144 per cent jump in consolidated net profit at Rs 10.6 crore for the quarter ended in December.
The company had posted a net profit of Rs 4.3 crore in the third quarter of the financial year 2019-20, Talbros Automotive Components Ltd (TACL) said in a release. Total Income from operations rose 35.6 per cent to Rs 132.1 crore in the third quarter of financial year 2020-21 as compared to Rs 97.4 crore revenue in October-December period of the previous fiscal year.