Talbros Automotive Components has received an order under the forgings division for supply of parts to Dana Spicer India Pvt Ltd, a tier-1 supplier to prominent commercial vehicle players in the country.
These components are heavier in nature and will require installation of a higher tonnage press. Production will commence from the first quarter of FY2019.
The order spans the life of the model and estimated revenues from the same is about ₹35 crore per annum, the company said in a notice to the stock exchanges.
Shares of Talbros Automotive gained 2.62 per cent at ₹273.75 on the BSE.