Hot Pursuit     01-Apr-22
Sansera Engg gains on bagging BMW order
Sansera Engineering rose 2.01% to Rs 691.85 after the company said it won a large order from BMW Motorrad for aluminium forged and machined parts.
Sansera Engineering has bagged orders for two packages consisting of 26 aluminium forged and machined parts from BMW Motorrad amounting to approximately Rs 300 crore over 10 years.

These parts will be supplied from one of the Sansera Bengaluru plants, where Sansera has created a facility for aluminium forging and machining, including solution heat treatment and anodizing.

B R Preetham Group CEO, Sansera Engineering said: "We have already been supplying components to multiple locations of BMW for the past 3 years and this order further strengthens our relationship with them.

Currently, we have two forging presses and machining lines dedicated to aluminium forged parts and have initiated investments to double the capacity in the next financial year. Based on the RFQs (request for quotations) and future potential, we are working on feasibility of investing in up to 4,000 ton press line in the near future. Aluminium forgings are still in the nascent stage in India and we already have a head start.

Sansera has witnessed strong momentum in demand for new components/ business and currently we have about 255 components under various stages of development (includes auto and non-auto other than aerospace). We are also working on another ~300 components on various stages of RFQ."

Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors.

On a consolidated basis, net profit of Sansera Engineering declined 52.52% to Rs 23.31 crore on 1.35% decline in net sales to Rs 485.44 crore in Q3 December 2021 over Q3 December 2020.

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