Shriram Pistons & Rings Limited has informed the Exchange about Agreements
SHRIPISTON · price
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Shriram Pistons & Rings Limited has extended its technical collaboration agreement with FUJI OOZX INC., Japan for another five years. The agreement covers the supply of technical know-how and assistance for manufacturing engine valves in India. This partnership, which has been in place for over three decades, will continue to provide advanced global technology for the Indian automotive market. The company will pay royalties to Fuji as per the amended agreement terms.
This is a routine extension of an existing long-standing technology partnership and is unlikely to have any significant impact on the stock price or shareholder value in the near term.