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Shriram Pistons & Rings Ltd. ( (IN:SHRIPISTON) ) has provided an update.
SPR Auto Technologies Limited has renewed and revised its long-standing technical collaboration with Japan’s Fuji OOZX Inc., extending the arrangement for another five years. The agreement continues to focus on supplying technical know-how and assistance for manufacturing engine valves in India, ensuring the company can address evolving customer requirements.
Under the amended terms, SPR Auto will keep paying royalty to Fuji for the licensed technology while all other conditions of the collaboration remain unchanged. The company expects the continued access to advanced global manufacturing technology to strengthen its ability to serve the automotive market and pursue new business opportunities, reinforcing its positioning as a supplier of cutting-edge engine valve solutions.
More about Shriram Pistons & Rings Ltd.
SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, operates in the automotive components sector, manufacturing products in India for both domestic and export markets. The company focuses on advanced engine components, including engine valves, serving the automotive industry with technology aligned to global standards.
Average Trading Volume: 97,060
Technical Sentiment Signal: Buy
Current Market Cap: 129B INR
For detailed information about SHRIPISTON stock, go to TipRanks’ Stock Analysis page.