Talbros Automotive Components bags multi-year order worth ~Rs150 crore

22 Dec 2022 , 06:50 AM

Talbros Automotive Components Limited, through its Joint Venture Talbros Marugo Rubber has received a new multi years order worth Rs150 crore for Rubber Hoses.

As per the filing, the Rubber Hoses will be directly used to facilitate the E20 fuel mechanism from multiple passenger vehicle (PV) OEMs in India. This order is to be executed over a period of next 5 years.

In line with this, the Government of India has laid down a target of achieving 20% ethanol blending in petrol by 2025 which will be known as E20. With the use of Biofuel, it will certainly help reduce pollution levels and reduce imports of crude oil in our country. The rubber hoses manufactured by Talbros are E20 compliant. This embarks Talbros’ journey towards sustainability.

With this order, the Company has added orders worth over Rs1,000 crore during the current financial year across its business divisions, product segments and JVs, the Company said on Thursday.

At around 12:24 PM, Talbros Automotive was trading at Rs516.45 per share lower by 4.85% on the BSE.

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