Kranti Industries, Kores Form JV For Precision Machining Unit

08 Oct 2025 CW Team

Kranti Industries Limited, a leading BSE-listed auto component and precision engineering firm, has announced a strategic joint venture with Kores Group to establish a state-of-the-art greenfield precision machining facility at Halol, Gujarat. The new entity, KRAKO Precision Private Limited, marks a major milestone in Kranti’s journey of expansion, diversification, and manufacturing excellence.

The collaboration aims to combine the strengths of both companies in precision engineering, operational efficiency, and innovation to cater to the evolving demands of domestic and global customers.

Key Details of the Joint Venture:

Location: Halol, Gujarat – a key industrial hub with advanced manufacturing infrastructure.
Equity Structure: Kranti Industries Limited – 35 per cent; Kores Group – 65 per cent.
Focus: Machining of critical casting components for automotive and engineering applications.
Objective: To integrate technical expertise, operational excellence, and innovation to deliver superior engineering
solutions and generate sustainable stakeholder value.

Commenting on the development, Mr. Sachin Subhash Vora, Chairman and Managing Director of Kranti Industries, said,

“This partnership with Kores Group is a defining step in our growth journey. It aligns with our strategy to expand capabilities, enter high-value machining domains, and foster innovation through collaboration. By combining Kranti’s precision machining expertise with Kores Group’s robust industrial ecosystem, we aim to set new benchmarks in efficiency, quality, and customer value creation.”

He further added that the joint venture reinforces Kranti’s commitment to operational excellence and sustainable growth as part of its Vision 2030, which aims to establish the company as a globally recognised solutions provider built on integrity, precision, and trust.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..