Image Source: Equity Bulls
Kranti Industries signed a seven-year MoU with Universal Autofoundry to lease and operate a consolidated machine shop in Rajasthan. This strategic alliance aims to combine foundry and machining strengths, enhance operational efficiency, and expand Kranti’s manufacturing capacity in North India, fostering long-term value creation for both firms.
Show more
Kranti Industries Ltd has entered into a significant Memorandum of Understanding (MoU) with Universal Autofoundry Limited, marking a strategic collaboration focused on operational synergies and enhanced manufacturing capabilities in Rajasthan. Effective January 1, 2026, the agreement spans seven years with an initial three-year lock-in period.
Key Highlights
-
Universal Autofoundry (UFL) will lease its machine shop facility in Sargoth, Sikar District, Rajasthan to Kranti Industries, consolidating machine shop operations at UFL’s Unit 3 plant.
-
Kranti Industries will manage this consolidated machine shop focusing exclusively on machining casting components produced by UFL.
-
The partnership aims to leverage UFL’s foundry expertise and Kranti's precision machining capabilities to boost productivity, quality, and operational efficiency.
-
This collaboration strengthens Kranti’s footprint in North India, expands its machining capacity, and fosters mutually beneficial growth.
-
The agreement reflects a strategic move to optimize resources and streamline manufacturing processes in the highly competitive industrial segment.
-
No promoters or related parties have any interest in this transaction, ensuring transparency.
This alliance is a key milestone for both companies as they position themselves for future growth and greater market competitiveness.
Source: MarketScreener, Kranti Industries Ltd BSE Announcement
Stay Ahead – Explore Now!
Precot Ltd Posts Strong March Quarter: Profit Surges on Steady Revenue Growth
Advertisement
Advertisement