PPAP Automotive Spurts on Bagging Multi-Year Orders Of Rs 1.18 Bn

18 Dec 2024 CW Team

PPAP Automotive surged 13.62% to Rs 246.50 after the company stated that it has received substantial orders for multiple years with worth Rs 1.18 billion. The orders include a significant business for electric vehicles, valued at approximately Rs 500 million. This development aligns with the firms forward-thinking strategy of aligning its portfolio with growth opportunities in the electric vehicle market. The order is to be executed over a period of 3 years to 5 years. In an exchange filing, the company said, A key highlight of these orders is the companys success in expanding its footprint with KIA, marking a key milestone in PPAPs efforts to expand its presence with global automotive giants. This new order win underscores PPAP Automotive's ongoing efforts to build long-term partnerships and its dedication to delivering excellence across both existing and new customers. Abhishek Jain, CEO & MD of PPAP Automotive, said, These new orders from longstanding clients underscore PPAP Automotive's enduring relationships and unwavering commitment to excellence, reinforcing its reputation as a trusted leader in the automotive industry. Through our continued efforts, we have successfully made significant inroads with KIA. We were successful in introducing new technology parts, which were highly appreciated by our customers and were immediately adopted for use in their forthcoming models. We remain committed towards achieving higher revenues coupled with better margins as these premium products bear fruit going ahead. PPAP Automotive is a leading manufacturer of automotive sealing systems and interior and exterior automotive parts in India. The companys manufacturing facilities are located in all the major automotive passenger vehicle manufacturing hubs in North, West and South India.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..