Aegis Investment Fund purchases 5 lakh shares of Tirupati Forge Ltd

Mauritius-based Aegis Investment Fund has purchased  5 lakh shares at Rs 22 per share of NSE-listed Tirupati Forge Ltd, an ISO 9001:2008 certified company engaged in manufacturing of closed die forged products like auto component bearings gears etc and forged flanges of mild steel carbon steel stainless steel etc. 

Recently, it had received approval from a US firm to buy mass quantity of Flanges, Forged Fittings and other components. 

Accordingly,  company will start the supply of goods in mass for the year 2023, which may result in an increase of approximately 25 to 30% in revenue due to the addition of new customer, an official statement said.