Subros jumps 10% on ₹1,225-crore Maruti order for AC units
The auto air-conditioning maker will supply HVAC assemblies for two Maruti Suzuki models over about seven years, but its stock is still down about 45% in a year.
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Subros shares rose as much as 10% to ₹678.80 on Wednesday after it won an order from Maruti Suzuki.
The order, worth about ₹1,225 crore over roughly seven years, is for HVAC assemblies for the YM3 and YU0 models.
Subros says the contract is a related-party transaction but will be on an arm's-length basis.