Deals31 Jul 2024, 04:22 pm
Autoline Industries Secures Manufacturing Contract with Tata Motors Passenger Vehicle Ltd. Worth Rs. 204 Cr.
AI Summary
Autoline Industries Ltd. has entered into an agreement with Tata Motors Passenger Vehicle Ltd. for the manufacturing and supply of tools, sheet metal parts, and assemblies. The contract is worth Rs. 147 Cr. annually for parts and Rs. 57 Cr. for a one-time tooling order. The contract is not a related party transaction and is part of the ordinary course of business. The order is to be executed by August 2025.
Key Highlights
- Autoline Industries secures a significant manufacturing contract with Tata Motors Passenger Vehicle Ltd.
- The contract is worth Rs. 204 Cr. (Rs. 147 Cr. annually for parts and Rs. 57 Cr. for a one-time tooling order).
- The contract is not a related party transaction and is part of the ordinary course of business.
- The order is to be executed by August 2025.
- The agreement is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.