We wish to inform you that the Wholly Owned Subsidiary of our Company - DriveSys Systems Private Limited - Aluminium Division has received a significant order.
ZFSTEERING · price
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ZF Steering Gear (India) Ltd's wholly owned subsidiary, DriveSys Systems Private Limited – Aluminium Division, has won a significant order valued at approximately Rs. 151 crore from a leading Indian business conglomerate for its Renewable Energy business. The order involves manufacturing and supply of machined aluminium parts on a CIF basis, with prices linked to NALCO base metal prices, and is to be executed over 15 months. The customer is domestic, no promoter/promoter group has any interest in the awarding entity, and the counterparty's name has been withheld for commercial confidentiality.
This is a positive development for ZF Steering Gear as it adds meaningful order inflow to the Aluminium Division, supports growth in the renewable energy segment, and provides revenue visibility over the next 15 months. The stock may see a mildly positive reaction, though the exact counterparty and end-customer details remain undisclosed.