Remsons Group Subsidiary Bags ₹160 Crore Order for 10-Year Pedal Box Programme
Remsons Industries Limited announced that its step-down subsidiary, Remsons Automotive Ltd. (UK), has secured a major nomination from a global commercial vehicle Original Equipment Manufacturer (OEM). The contract involves supplying pedal boxes under a long-term, 10-year program.The nomination represents a significant business achievement for the Group, with the estimated lifetime value pegged at approximately ₹160 Crores over the entire program term. Production under this agreement is scheduled to commence in Q4 CY2028.
The contract details indicate that the supply of pedal boxes will be provided to the leading Global Commercial Vehicle OEM manufacturer. The agreement was awarded by a foreign entity and is set to span a period of 120 months.
The key operational and financial terms of the order are summarized below:
| Parameter | Details |
|---|---|
| Nature of Contract | Supply of Pedal Boxes |
| Awarding Entity | Global Commercial Vehicle OEM manufacturer (Foreign Entity) |
| Order Value | ₹160 crores |
| Program Duration | Ten years (120 Months) |
| Start Date | Q4 CY2028 |
| Interest in Awarding Entity | None (No interest of the promoter/group companies) |
This long-term nomination reinforces the Group’s position within the global commercial vehicle supply chain.
REMSONSIND Stock Price Movement
Shares of Remsons Industries Limited are rallying to ₹117.89 as of 12:55 PM, edging up 2.33% in live trading, or ₹2.68 per share. This strong movement is supported by robust volume, with 315,156 shares traded in the market so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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