India's Remsons Industries jumps on 3 bln-rupee order win

Remsons Industries

15/05/2025 07:36

May 15 - ** Remsons Industries REIN.NS jumps ~12% to 134.17 rupees, highest in nearly four months

** Automotive equipment maker bags 3 bln-rupee ($35 mln) order, its largest business win to date, from the North American division of carmaker Stellantis STLAM.MI

** Order size as much as 64% of REIN's market cap and nearly as much as co's FY24 revenue

** Co did not disclose length of partnership

** REIN trims 12-month decline to 31.1%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))