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

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

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.

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.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?