Page 2 - Pricol

Chip crisis, second Covid-19 wave drag Pricol Q2 net down 64% to Rs 13 cr

The company's total income stood at Rs 390 crore during the quarter, up a marginal 1%

Top 10 biz headlines: Ranbaxy's ex-promoters arrested, TCS result, and more

From Malvinder and Shivinder Mohan Singh's arrest to TCS posting profits, here are the top 10 business headlines on Friday

Auto-parts maker Pricol announces non-working days as industry slumps

The slowdown in the automobile sector has forced many manufacturers and component suppliers to cut production and plan temporary plant closures

Pricol agrees to buy car wiper business of PMP Auto Components

Automotive component manufacturer Pricol Ltd has signed an agreement to acquire 100 per cent of the wiping systems business of PMP Auto Components Pvt Ltd.The acquisition would be undertakin by Pricol Ltd through its wholly owned subsidiaries and the transaction will be funded by a combination of internal accruals and external debt. The company said that the transaction would be EPS accretive to the shareholders of Pricol and the profitability is expected to further improve upon integration of the business with Pricol.PMP, which acquired the wiping systems bysiness in 2008, currently runs manufacturing facilities in Czech Republic, Mexico and India. "With manufacturing presence in Czech Republic and Mexico, this acquisition fits in perfectly with our ongoing plans to establish presence in these regions," said Vikram Mohan, managing director of Pricol.Harsh Piramal, managing director of PMP Auto Components said, "PMP has decided to divest this business as part of its strategic ...

Pricol eyes Rs 220 crore in annual revenue from its new Pune facility

The company, however, did not disclose investment details

Pricol hits lifetime high on entire stake sale in arm

In past three-weeks, the stock appreciated by 61% from Rs 51.95 on May 26 to Rs 83.60.