Shriram Pistons & Rings to acquire Karna InterTech
07 - Mar - 2025 12:00 | 24 days ago
Shriram Pistons & Rings (SPRL) has entered into a Share Purchase Agreement with existing shareholders of Karna InterTech (Karna) to acquire 100% equity stake in Karna for a consideration of Rs 5 crore.
Karna is a key supplier of gravity die casting moulds to SPRL, which are utilised in the manufacturing of piston castings. SPRL provides the mould design, which is extremely sensitive and confidential. Karna can produce high-precision items to the greatest levels of quality because of its highly skilled workforce.
In light of the above, and to leverage synergies while catering to the future requirements of SPRL's existing plants, the acquisition would be beneficial in the long term growth of the Company.
Shriram Pistons & Rings consolidated net profit rises 11.69% in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net profit of Shriram Pistons & Rings rose 11.69% to Rs 119.91 crore in the quarter ended December 2024 as against Rs 107.36 crore during the previous quarter ended December 2023. Sales rose 10.73% to Rs 847.89 crore in the quarter ended December 2024 as against Rs 765.74 crore during the previous quarter ended December 2023.
Board of Shriram Pistons & Rings recommends Interim Dividend
03 - Feb - 2025 12:00 | 56 days ago
Shriram Pistons & Rings announced that the Board of Directors of the Company at its meeting held on 03 February 2025, has recommended a Interim dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.
Shriram Pistons & Rings consolidated net profit rises 11.69% in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net profit of Shriram Pistons & Rings rose 11.69% to Rs 119.91 crore in the quarter ended December 2024 as against Rs 107.36 crore during the previous quarter ended December 2023. Sales rose 10.73% to Rs 847.89 crore in the quarter ended December 2024 as against Rs 765.74 crore during the previous quarter ended December 2023.
Board of Shriram Pistons & Rings recommends Interim Dividend
03 - Feb - 2025 12:00 | 56 days ago
Shriram Pistons & Rings announced that the Board of Directors of the Company at its meeting held on 03 February 2025, has recommended a Interim dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.
Shriram Pistons & Rings to acquire Karna InterTech
07 - Mar - 2025 12:00 | 24 days ago
Shriram Pistons & Rings (SPRL) has entered into a Share Purchase Agreement with existing shareholders of Karna InterTech (Karna) to acquire 100% equity stake in Karna for a consideration of Rs 5 crore.
Karna is a key supplier of gravity die casting moulds to SPRL, which are utilised in the manufacturing of piston castings. SPRL provides the mould design, which is extremely sensitive and confidential. Karna can produce high-precision items to the greatest levels of quality because of its highly skilled workforce.
In light of the above, and to leverage synergies while catering to the future requirements of SPRL's existing plants, the acquisition would be beneficial in the long term growth of the Company.
Shriram Pistons & Rings consolidated net profit rises 11.69% in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net profit of Shriram Pistons & Rings rose 11.69% to Rs 119.91 crore in the quarter ended December 2024 as against Rs 107.36 crore during the previous quarter ended December 2023. Sales rose 10.73% to Rs 847.89 crore in the quarter ended December 2024 as against Rs 765.74 crore during the previous quarter ended December 2023.
Board of Shriram Pistons & Rings recommends Interim Dividend
03 - Feb - 2025 12:00 | 56 days ago
Shriram Pistons & Rings announced that the Board of Directors of the Company at its meeting held on 03 February 2025, has recommended a Interim dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.
Shriram Pistons & Rings to acquire Karna InterTech
07 - Mar - 2025 12:00 | 24 days ago
Shriram Pistons & Rings (SPRL) has entered into a Share Purchase Agreement with existing shareholders of Karna InterTech (Karna) to acquire 100% equity stake in Karna for a consideration of Rs 5 crore.
Karna is a key supplier of gravity die casting moulds to SPRL, which are utilised in the manufacturing of piston castings. SPRL provides the mould design, which is extremely sensitive and confidential. Karna can produce high-precision items to the greatest levels of quality because of its highly skilled workforce.
In light of the above, and to leverage synergies while catering to the future requirements of SPRL's existing plants, the acquisition would be beneficial in the long term growth of the Company.
Shriram Pistons & Rings consolidated net profit rises 11.69% in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net profit of Shriram Pistons & Rings rose 11.69% to Rs 119.91 crore in the quarter ended December 2024 as against Rs 107.36 crore during the previous quarter ended December 2023. Sales rose 10.73% to Rs 847.89 crore in the quarter ended December 2024 as against Rs 765.74 crore during the previous quarter ended December 2023.
Board of Shriram Pistons & Rings recommends Interim Dividend
03 - Feb - 2025 12:00 | 56 days ago
Shriram Pistons & Rings announced that the Board of Directors of the Company at its meeting held on 03 February 2025, has recommended a Interim dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.
Shriram Pistons & Rings consolidated net profit rises 11.69% in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net profit of Shriram Pistons & Rings rose 11.69% to Rs 119.91 crore in the quarter ended December 2024 as against Rs 107.36 crore during the previous quarter ended December 2023. Sales rose 10.73% to Rs 847.89 crore in the quarter ended December 2024 as against Rs 765.74 crore during the previous quarter ended December 2023.
Board of Shriram Pistons & Rings recommends Interim Dividend
03 - Feb - 2025 12:00 | 56 days ago
Shriram Pistons & Rings announced that the Board of Directors of the Company at its meeting held on 03 February 2025, has recommended a Interim dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.
