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Autoline Industries’ arm inks pact with Poddar Habitat

25 Sep 2018 Evaluate

Autoline Industries’ subsidiary -- Autoline Industrial Parks has entered into an agreement on September 24, 2018 with Poddar Habitat, a subsidiary of Poddar Housing and Development (Poddar) to transfer a land parcel admeasuring approximately 102.50 Acers situated at Village - Mahalunge, Taluka-Chakan, District- Pune in phases along with trunk infrastructure facilities, on a deferred payment terms.

Poddar is proposing to build an affordable housing project on the said land parcel, having a potential development of more than 8 million square feet over a period of 8 to 10 years.

Autoline Industries is engaged in the manufacturing of various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, etc. The company is also exporting auto parts i.e. brake shoes for Mercedes Benz trailers to Saudi Arabia, Dubai, etc. 

Peers
Company Name CMP
SamvardhanaMotherson 157.50
Tube Investments 2338.60
Bosch 45599.85
UNO Minda 1115.00
Bombay Burmah Trdg. 1334.15
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