Frontier Springs bags first order of Rs2 crore for supply of Air Springs; Stock sheds 1%

Frontier Springs Ltd has been approved for supply of Air Springs and has also got the first order worth Rs2 crore.

As per regulatory filing, the orders in pipeline are good which will be reflective in the turnover of the company for the coming quarters and add on to the profitability of the Company.

Further; "the orders for LHB Springs are in pipeline and the company is investing in its plant and machinery through its internal accruals. Our Company is the only Company which is into manufacturing of both Coil Springs and Air Suspension", said Frontier Springs in a filing.

At around 3:15 PM, Frontier Springs was trading at Rs261.10 apiece down by Rs2.7 or 1.02% from its previous closing of Rs263.80 apiece on the BSE.