Subros shares surge 10% after securing Rs 1,225 crore HVAC supply order from Maruti Suzuki - The
Subros shares surged up to 10% after securing a Rs 1,225 crore HVAC supply contract from Maruti Suzuki for two vehicle models over approximately seven years. The award comes as the stock remains down around 45% over the past year.
Subros shares surged as much as 10% to hit an intraday high of Rs 678.80 during Wednesday's trading session after the company announced a new business award from Maruti Suzuki India Ltd. (MSIL) for the supply of heating, ventilation and air conditioning (HVAC) assemblies. The order is valued at approximately Rs 1,225 crore over the model's total lifecycle of around seven years.In an exchange filing, Subros said the contract involves supplying HVAC assemblies for the YM3 and YU0 models of Maruti Suzuki.
