ALSO READTalbros Automotive Components receives order worth Rs 175 crore Talbros Automotive Components to pay dividend Board of Talbros Automotive Components recommends final dividend Talbros Automotive Components standalone net profit rises 16.29% in the March 2017 quarter Talbros Automotive Components consolidated net profit rises 259.29% in the March 2017 quarter
To commence local raw material sourcing in Q4 FY 2018Talbros Automotive Components has successfully completed the partial disinvestment of its non-core materials business assets by sale to the Indian affiliate of Interface Performance Materials, USA who are pioneers and leaders of gasket materials worldwide.
The Company has also entered into a raw material sourcing agreement with them to source various gasket raw materials from Interface's Indian manufacturing unit. The local raw material sourcing will commence in Q4 2018.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)