Financial details of the acquisition were however not disclosed.
Pritika Auto has signed an agreement to buy assets that include land, building and machinery of Amrit Duraparts' unit 2 at village Simbli in Punjab, it said in a regulatory filing.
The newly acquired foundry has a capacity of 12,000 tonne per annum, the company said, adding that with this agreement, the total installed capacity will increase to 50,000 tonne per annum.
The company has formed a wholly-owned subsidiary, Pritika Engineering Components, for the acquired assets.
The stock was trading 4.76 per cent up at Rs 163.90 on BSE.
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