Shares of Talbros Automotive Components Ltd were trading 16% higher on 21 November after the company had announced securing orders worth Rs 580 crore from international and domestic customers.

These orders were received across its business verticals, product segments, and Joint Ventures (JVs), including export orders worth Rs 415 crore and received multiple EV (electric vehicle) orders for Rs 270 crore from leading OEMs (original equipment manufacturers).

In its regulatory filing on 20 November, the company said, “These orders are to be executed over a period of next five years commencing from FY25 onwards covering the company’s product lines – gaskets, heat shields,forgings, chassis and rubber hoses.”

They added, “These orders will help the Company increase its share with existing customers and new customers across geographies which will help the Company grow and gain market share domestically and in the export market in coming years.”

The company received orders worth Rs 120 crore for forging products for applications such as engines, transmission, drivelines and off-highway.

It had also received orders for heat shield products from multiple domestic OEMs for a total consideration of Rs 75 crore, which span across new technologies in the heat shield space.

The company has also received orders worth Rs 40 crore for gasket products from domestic and international OEM customers.

They have also received an order from a leading domestic OEM worth Rs 75 crore for a damper front, hose canister air suction, and muffler hanger, which came through its JV, Talbros Marugo Rubber.

At 3:22 pm, the shares of Talbros Automotive were trading 14.50% higher at Rs 322.55 on NSE.