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The company stated that it has shifted its operations from its existing Pune plant, Bhosari industrial area, to a new bigger facility at Chakan Industrial Area, Wasuli, Pune, Maharashtra.
The new plant is capable of manufacturing gears for EV and non-EV applications and serves customers globally.
The company has a net order book of Rs 23,800 crore as of 31 December 2022. New gear capacities will be required to meet the large order book, said the company.
Sona BLW Precision Forgings is one of the world's leading automotive technology companies. The company has emerged as a global supplier with nine manufacturing and assembly facilities across India, USA, Mexico and China. It is primarily engaged in designing, manufacturing and supplying highly engineered, mission-critical automotive systems and components to automotive OEMs.
The company reported a 23.9% jump in consolidated net profit to Rs 107.10 crore on 38.95% surge in revenue from operation to Rs 675.26 crore in Q3 FY23 over Q3 FY22.
The scrip ended 0.41% higher at Rs 423.45 on Thursday, 6 April 2023.
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