New Delhi, October 20 (Udaipur Kiran): Shares of Kranti Industries Limited gained over 1.4% in Monday’s trade after the company announced the signing of a Memorandum of Understanding (MoU) with Universal Autofoundry Limited (UFL) to operate and manage its consolidated machine shop facility in Rajasthan.
The stock was trading at Rs. 87.20, up Rs. 1.25 or 1.45% from its previous close of Rs. 85.95 on the BSE. It opened at Rs. 87.99 and touched a high of Rs. 87.99 and a low of Rs. 84.68 during the session, with 1,377 shares changing hands. The company’s market capitalisation currently stands at Rs. 111.27 crore.
In the past 52 weeks, the stock has touched a high of Rs. 119.79 (May 19, 2025) and a low of Rs. 59.00 (October 28, 2024). The promoters hold 61.94% stake in the company, while non-institutional investors own 38.06%.
Under the MoU signed on October 18, 2025, Universal Autofoundry has agreed to lease its machine shop facility located at Sargoth in Sikar District, Rajasthan, along with the associated plant and machinery, to Kranti Industries. UFL will consolidate its two existing machine shops into a single location — Unit 3 at Sargoth — which Kranti will manage and operate.
As part of the arrangement, Kranti Industries will focus exclusively on machining cast components manufactured by Universal Autofoundry. The collaboration aims to combine UFL’s foundry capabilities with Kranti’s precision machining expertise to boost productivity, quality, and operational efficiency, creating long-term business value for both companies.
The MoU will take effect from January 1, 2026, and will remain valid for seven years, including a three-year lock-in period, subject to the signing of definitive agreements.
Kranti Industries, with a track record spanning over two decades, is engaged in the manufacturing and supply of precision machined components for automotive and non-automotive (off-highway) applications.
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Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.