Joint Venture6 Oct 2025, 03:52 pm
Kranti Industries Announces Strategic Joint Venture with KORES Group to Establish Greenfield Precision Machining Facility in Halol, Gujarat
AI Summary
Kranti Industries Limited, a leading BSE-listed auto component and precision engineering company, announced a strategic joint venture with Kores Group to establish a state-of-the-art greenfield precision machining facility at Halol, Gujarat. The new venture, KRAKO Precision Private Limited, is designed to leverage both companies’ strengths in precision engineering, operational efficiency, and innovation to meet the evolving needs of customers in India and globally. The facility will feature advanced CNC and automation-enabled equipment and will operate as a dedicated machining unit catering primarily to Kores Group’s casting requirements while also exploring opportunities in broader engineering and automotive sectors.
Key Highlights
- Facility Location: Halol, Gujarat - a key industrial hub with world-class manufacturing infrastructure.
- Equity Structure: Kranti Industries Limited - 35% | Kores Group - 65%
- Business Focus: Machining of critical casting components for automotive and engineering applications.
- Strategic Objective: To combine technical expertise, operational excellence, and innovation to deliver superior engineering solutions and create sustainable stakeholder value.
- JV’s strategic location at Halol allows easy access to OEM clusters and logistics networks across Western India.