Pritika Engineering Components Breaks Sales Records with 900 Metric Tonnes in July

Pritika Engineering Components announced its highest-ever sales of 900 metric tonnes in July 2024, aiming for 6-8% growth this fiscal year. Celebrating its 50th anniversary, the company eyes new opportunities in the railways and defence sectors. Revenue for FY24 reached Rs 342.09 crore, with a Rs 16.85 crore profit.

Pritika Engineering Components on Monday reported a record-breaking achievement, logging the highest-ever sales of 900 metric tonnes in July. The company aims to achieve a growth rate of 6-8% in the current fiscal year.

The Pritika Group, which was established in 1974 by RS Nibber, is a reputed manufacturer of components for tractors, heavy commercial vehicles, and the automotive industry. This feat comes as the company marks its 50th anniversary.

The company's chairman and managing director, Harpreet Singh Nibber, stated that the performance reflects increasing demand for Pritika's high-quality components. The firm is targeting new markets in the railways and defence sectors.

(With inputs from agencies.)