Pritika Auto Industries has signed an agreement with Amrit Duraparts to buy assets (Land, Building & Machinery) located at Village Simbli in the state of Punjab. With this agreement, the total installed capacity of the company will increase to 50,000 tons per annum.
The newly acquired foundry has a capacity of 12,000 tons per annum. This plant is located very close to the industrial bases of Ludhiana, Jalandhar and Hoshiarpur, creating a significant growth opportunity for Pritika.
The company has formed a wholly owned subsidiary for this agreement in the name of ‘Paitika Engineering Components’, in which this plant, land and assets will be held in.
Pritika Auto Industries, flagship Company of Pritika Group, leading manufacturer of tractor components and Auto components in India. The company is a renowned organization in Tractor & Automotive industry providing high quality products in the field of precision machined components out of casting, forging & bar stock.
