News: In regulatory exchange filing, the company informed exchanges about export order win of Rs. 115 crore from a European Tier 1 supplier for differential housing case business to be completed over four years
Views: The company continues its streak to bag new export orders. During Q4FY22, it won Rs. 144 crore worth of orders, with total 18 contracts won for FY22 amounting to Rs. 984 crore to be supplied over three to five years. The management remains optimistic on demand in India as well as European market with healthy double-digit topline growth based on new orders. We believe it is well positioned to reap benefits of coming CV cyclical upswing
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