Kranti Industries signs MoU to form JV Kores Group
Precision-engineered components maker Kranti Industries has joined hands with Kores Group. The two firms have signed a Memorandum of Understanding (MOU) to establish a new joint venture, Krako Precision Private Limited.
In the new joint venture (JV) Kranti Industries Limited would be holding a 35% stake, and Kores Group would own 65%. The JV will establish a manufacturing facility in Halol, Gujarat, focused on the machining of critical casting components.
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