Sprayking Agro Equipment secures Rs 150Mn order
Sprayking Agro Equipment Limited, a leading brass manufacturer, is delighted to announce a significant milestone. The company has successfully secured a purchase order valued at INR 150 million for the supply of brass parts. This development underscores Sprayking's continued growth and robust market presence.
In a recent strategic move, Sprayking Agro Equipment Limited acquired a state-of-the-art manufacturing facility in Jamnagar, Gujarat, complementing its existing operations. Spanning an expansive 3,000 square meters, this modern plant is dedicated to the production of high-quality brass and forging components, further fortifying the company's industry position.
Furthermore, Sprayking recently acquired a 51% stake in M/s. Narmada Brass Industries, a partnership venture established by Mr. Hitesh Dudhagra in 2019. Narmada Brass Industries specializes in the production of copper brass goods, boasting an annual capacity of 2,000 tons of forged products. This strategic acquisition accelerates Sprayking's expansion, enabling it to efficiently meet burgeoning demands from both domestic and international markets.
In line with its vision and objectives, Sprayking Agro Equipment Limited is committed to both organic and inorganic growth strategies. The capital raised from these endeavors will be instrumental in furthering the company's expansion initiatives and delivering value to its stakeholders.