Pritika Auto Industries, amongst leading manufacturers of castings in India, is pleased to inform that the Company has successfully achieved a record of highest ever monthly production volume of 3,180 tonnes in July 2018.
Pritika Auto Industries produced 3,180 tonnes of casting in July 2018, which is highest ever monthly volume in Company's history. Company's continuous efforts and strategic plans of expanding eXisting capacities and acquiring new plant in Punjab has been executed successfully.
The newly acquired plant contributed 300 tonnes last month which is in line with management's expectation. Company is positive to continue with similar performance going ahead.
Harpreet Singh Nibber, Managing Director, Pritika Auto Industries, said, ''I am very happy to share that aur Company has successfully achieved a record of 3,180 tonnes in July 2018, which is highest ever monthly production volume in company's history. The newly acquired plant is also ramping up qUickly and has produced -300 tones last month which is in line with our expectations. Expansion in the existing plants and quicker ramping up of newly acquired plant has helped the Company in achieving this milestone. We are positive to continue with similar performance going ahead.
I would like to thank the entire team of Pritika Group for all the hard work that has helped us achieve our targets.''
Shares of the company declined Rs 0.30, or 0.16%, to trade at Rs 183.00. The total volume of shares traded was 3,137 at the BSE (12.00 p.m., Thursday).