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Minda bags orders worth Rs50 cr from Volkswagen

Minda bags orders worth Rs50 cr from Volkswagen
PTI
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First Published: Wed, May 28 2008. 02 18 PM IST
Updated: Wed, May 28 2008. 02 18 PM IST
Mumbai: Minda Industries, an auto electrical parts maker, Wednesday said it has bagged orders worth Rs50 crore from German car maker Volkswagen for the supply of lamps for its upcoming models in India.
The company informed the Bombay Stock Exchange about the orders that entail supply of headlamps and rear combination lamps for the car models.
The orders also include supply of headlamps and rear combination lamps for Volkswagen’s global model being manufactured in Russia. The company would supply these from its existing facility at Chakan in Pune, it added.
Minda Industries is also conducting feasibility studies for setting up a new lighting plant at Bawal in Haryana.
The company is in talks with other Original Equipment Manufacturers (OEMs) as well for supply of headlamps, the filing added.
Minda Industries expects the turnover from lighting division to contribute Rs225-250 crore to the top line of the company in the next two years.
Shares of the company were trading at Rs307.10, up 4.10% in the afternoon trade at the BSE.
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First Published: Wed, May 28 2008. 02 18 PM IST