Minda Industries secures Orders
Minda Industries Ltd (MIL) has informed BSE that the Company has bagged orders to the tune of Rs 50 Crores from Volkswagen for the supply of headlamps and rear combination lamps for its upcoming models in India. The orders also include supply of rear combination lamps for the global model being manufactured in Russia. The Company will supply these from its existing facility at Chakan, Pune. The Company is also conducting feasibility studies for setting up a new lighting plant at Bawal in Haryana. MIL is in talks with other OEM’s for supply of headlamps and expects the turnover from lighting division to contribute Rs 225 - 250 Crores to the top line in the next 2 years.
