India's Kranti Industries reverses course on defence order win

KRANTI INDUSTRIES

28/11/2025 08:17

** Shares of India's Kranti Industries KRAI.BO rise 3% to 88 rupees, reversing initial losses

** Automobile parts manufacturer wins orders worth 4.7 mln rupees ($52,532.75) from state-run defence firm Armoured Vehicles Nigam Limited – Machine Tool Prototype Factory (AVNL–MTPF)

** Co says orders mark its entry into defence manufacturing

** YTD, stock down 14.9%

($1 = 89.4680 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))