RACL Geartech

RACL Geartech announced several new business nominations and project updates during an investor conference call on June 12. The company was nominated by Royal Enfield to supply engine gears alongside an earlier transmission gear contract. Kawasaki nominated the company for 15 new components and confirmed start of production on one part, with pilot lots submitted for nine others. ZF awarded a contract for steering components for electric power steering systems in North American commercial trucks, marking RACL's entry into that segment. BRP Canada placed a high-volume order for shift drums for ATVs at 150,000 parts per year, representing a new product line for the company. The company also provided progress on its Project Titan, Venus, and Crystal initiatives, with mass production starting later this year. The new wins strengthen RACL's position as a supplier to global automotive brands.

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March 25 (Reuters) - RACL Geartech Ltd RACG.NS:

• INTERMITTENT LPG/PNG/CNG SUPPLY CONSTRAINTS IMPACT MANUFACTURING PROCESSES

• PERSISTING SUPPLY ISSUES MAY IMPACT PRODUCTION AND SALES FOR CURRENT MONTH

• COMPANY HAS IMPLEMENTED ALTERNATE PRODUCTION PLANNING AND CONTINGENCY MEASURES

Source text: ID:nBSE6N4fSc

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May 7 (Reuters) - RACL Geartech Ltd RACG.NS:

• MARCH-QUARTER PROFIT 66.7 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 1.01 BILLION RUPEES

Source text: ID:nBSE19wz8

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April 10 (Reuters) - RACL Geartech Ltd RACG.NS:

• RACL GEARTECH LTD - APPROVES FUNDRAISING THROUGH PREFERENTIAL EQUITY ISSUE

• RACL GEARTECH LTD - TO OFFER 830,711 SHARES AT 794.50 RUPEES EACH TO QIBS

• RACL GEARTECH LTD - TO OFFER 175,769 SHARES AT 796.50 RUPEES EACH TO NON-QIBS

• RACL GEARTECH LTD - TO RAISE UP TO 656 MILLION RUPEES FROM QIBS

• RACL GEARTECH LTD - TO RAISE UP TO 140 MILLION RUPEES FROM NON-QIBS

Source text: ID:nNSE6twBV8

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April 7 (Reuters) - RACL Geartech Ltd RACG.NS:

• BOARD TO CONSIDER FUNDRAISING PROPOSAL ON APRIL 10

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Jan 31 (Reuters) - RACL Geartech Ltd RACG.NS:

• RACL GEARTECH LTD - ANNUAL BUDGETED REVENUE FOR FY25-26 PROJECTED AT 5.25 BILLION RUPEES (+/- 5%)

• RACL GEARTECH LTD - MAY HAVE TO INVEST 1.50-1.75 BILLION RUPEES OVER NEXT 3 YEARS

• RACL GEARTECH LTD - TO EXPLORE FUNDING OPTIONS FOR 1 BILLION RUPEES

Source text: ID:nNSEbsFFHl

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** Shares of automotive components maker RACL Geartech RACG.BO rise 4.4% to 832 rupees

** Co on Monday said it got a new nomination from German automaker BMW BMWG.DE to supply drive train parts for upcoming electric sports car

** Commercial production of the parts is expected to commence in 2026; financial details of the nomination were not disclosed

** Stock set to snap four-session losing streak

** Stock trims YTD loss to about 28%

(Reporting by Vijay Malkar)

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Sept 11 (Reuters) - RACL Geartech Ltd RACG.BO:

• APPROVED REVISED ANNUAL BUDGET

• CAPEX BUDGET DEFERRED FROM 600 MILLION RUPEES TO 380 MILLION RUPEES FOR FY 2024-25

• ADJUSTING TARGETED DIRECT SALES TO A RANGE OF 4.60-4.90 BILLION RUPEES FOR FY2024-25

• REVISED ANNUAL BUDGET REVENUE 17% HIGHER THAN REVENUE IN FY 2023-24

Source text for Eikon: ID:nBSE3yjkW2

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(Reporting by VijayDattaram Malkar)

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Sept 4 (Reuters) - RACL Geartech Ltd RACG.BO:

• RACL GEARTECH -TO CONSIDER REDUCTION OF ANNUAL BUDGET FOR FY 2024-25

Source text for Eikon: ID:nBSE4tg0GY

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** Shares of RACL Geartech RACG.BO rise as much as 10.8% to 1,282.1 rupees

** Automotive components maker reports highest-ever monthly sales of 410.7 mln ($4.93 mln) in December 2023

** Stock has been trading above its 200-day moving avg since Oct. 28, 2022

** Nearly 37,652 shares traded by 2:44 p.m. IST, 3.9x the 30-day moving average

** Stock rose 56.3% in 2023, last up 6.3%

($1 = 83.2400 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Jan 2 (Reuters) - RACL Geartech Ltd RACG.BO:

• RECORDED HIGHEST EVER MONTHLY SALES OF 410.7 MILLION RUPEES IN DEC

Source text for Eikon: ID:nBSE8TVvWP

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May 22 (Reuters) - RACL Geartech Ltd RACG.BO:

• APPROVED INVESTMENT OF 14 MILLION RUPEES VIA 26% EQUITY PARTICIPATION IN SUNSURE ENERGY

• INDIA'S RACL GEARTECH LTD MARCH-QUARTER CONSOL PROFIT 95.5 MILLION RUPEES VERSUS PROFIT 49.1 MILLION RUPEES

• RACL GEARTECH LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 954.3 MILLION RUPEES VERSUS 702.2 MILLION RUPEES

• APPROVED INVESTMENT IN SUNSURE ENERGY FOR INSTALLATION OF SOLAR POWER PLANT

• DIVIDEND 1.5 RUPEES PER SHARE

Source text for Eikon: ID:nBSEbCGsqQ

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