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Amber Enterprises: Sluggish Q3 dampens short-term outlook

Exploring business adjacencies and acquisitions to expand business growth across all segments

Share Market Highlights 13 February 2024: Sensex climbs 482 pts; Nifty settles above 21,700; banking stocks shine

Share Market Highlights 13 February 2024: Sensex climbs 482 pts; Nifty settles above 21,700; banking stocks shine
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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.

Amber Group and Korea Circuit sign supply agreement on PCBs

India s Amber Group and South Korea’s Korea Circuit have signed an MOU to manufacture high density interconnect and semiconductor substrate PCBs.

Amber Group inks pact with Korean Circuit to boost PCB portfolio

The MoU with Korean Circuit has been signed by Ascent Circuits, in which Amber acquired a majority stake of 60 percent earlier this month

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