BEE Lighting has been approached by a global multinational original equipment manufacturer (OEM) for the design and development of exterior vehicle lighting.
The contract has been awarded by an international entity, marking a significant step in BEE Lighting’s global engagement and capabilities in advanced automotive lighting solutions.
According to the company’s exchange filing, the order is to be executed immediately, underscoring the urgency and strategic nature of the engagement.
The single order is valued at Rs 12 crore, highlighting BEE Lighting’s growing presence in high-value international automotive projects.
The company clarified that the contract has been awarded by an international entity, and neither the promoter nor promoter group has any interest in the awarding entity. Furthermore, the transaction does not fall under related party transactions as per regulatory norms.
Remsons Industries is an automotive OEM components manufacturer supplying to two, three and four-wheeler vehicles, commercial vehicles and off highway vehicles all over India and automotive OEM’s globally since last 50 years. Headquartered in Mumbai, Remsons has state of the art facilities in Gurgaon, Pune, Pardi and Daman in India, also Stourport & Redditch in England (UK). The company's expertise extends across a range of high-quality auto components, including Control Cables, Gear Shifters, Pedal Boxes, Winches, lighting, sensors to many OEMS within and outside India.
Remsons Industries reported a 15% sequential rise in consolidated net profit to Rs 4.6 crore in Q4 FY25. Revenue from operations edged up 4% quarter-on-quarter to Rs 106.2 crore.
However, the YoY picture was mixed. While net sales jumped 31% compared to Q4 FY24, adjusted net profit slipped 11% on account of a sharp dip in other income.