Company news: Subros

Subros is expecting to reach production of 10 lakh units of Engine Cooling Module (ECM) in the current financial year 2018-19 and it will further expand in line with customer demands. After Denso Haryana Pvt Ltd entered into Entrustment Production Contract for ECM assembly with Subros in 2014, Denso decided to extend its technical assistance agreements (till now only for air-conditioning business) with Subros to the ECM business as well. Based on this, the current entrustment business of ECM will move to Subros as regular business and the company will be supplying these parts directly to its customers. The stock of Subros jumped 11.94 per cent at ₹237.65 on the BSE.