Pritika Engineering Secures ₹500 Million Strategic Order to Boost Automotive Component Production

Pritika Engineering Components Ltd (BSE: 77883, NSE: PRITIKA) has finalized a ₹500 million contract to supply critical automotive components over the next five years, aligning with its recent capacity expansion plans. The order, tied to India’s growing electric vehicle and commercial automotive sectors, follows the company’s September 2024 acquisition of 87,000 sq ft land in Punjab to scale manufacturing. MD Harpreet Singh Nibber stated this “strategic partnership” will enhance revenue diversification into railways and defense verticals, supported by its ongoing ₹99.5 crore rights issue.

 

Pritika’s shares traded at ₹88.55 on February 21, 2025, reflecting a 281% surge from its 52-week low. The company reported Q3 FY25 net profit of ₹1.43 Cr amid proactive debt management and operational streamlining.

 

Source: BSE Filing, NSE Archives, ET Infrastructure