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Alicon Castalloy rallies 13% on signing contracts with Samsung SDI, Daimler

The company signed multi-year contracts aggregating Rs 810 crore with leading global OEMs and tier 1 suppliers such as Jaguar Land Rover, Daimler, Samsung SDI & MAHLE.

Illustration by Ajay Mohanty
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Illustration by Ajay Mohanty

SI Reporter New Delhi
Shares of Alicon Castalloy surged 13 per cent at Rs 395 apiece on the BSE on Friday after the company signed multi-year contracts aggregating Rs 810 crore with leading global original equipment manufacturers (OEMs) and tier 1 suppliers such as Jaguar Land Rover, Daimler, Samsung SDI & MAHLE.

"The company has been awarded multi-year contracts aggregating Rs 810 crore with two leading global automakers and two Tier 1 global suppliers," it said in an exchange filing, yesterday, post-market hours. READ FILING HERE

The contracts include supply of aluminum chassis light weight alloy products to Jaguar Land