ZF Steering Gear Subsidiary Secures Rs. 151 Crore Order
Filing Summary
ZF Steering Gear India Ltd’s wholly owned subsidiary, DriveSys Systems Private Limited – Aluminium Division, has secured an order valued at approximately Rs. 151 crore. The order, from a leading Indian business conglomerate, involves the manufacturing and supply of machined aluminum parts for the renewable energy sector. The agreement is set to be executed over a period of 15 months. The transaction is conducted on a CIF basis with pricing linked to base metal prices declared by NALCO. No promoters or group companies have an interest in the awarding entity.
On December 30, 2025, ZF Steering Gear India Ltd announced that its wholly owned subsidiary, DriveSys Systems Private Limited – Aluminium Division, has received a significant order. The order is valued at approximately Rs. 151 crore and has been awarded by a leading Indian business conglomerate. This transaction pertains to the manufacturing and supply of machined aluminum parts for the renewable energy sector.
The order is structured on a CIF basis, with prices linked to base metal prices as declared by NALCO. The execution period for this order is set at fifteen months. The company has not disclosed the name of the counterparty to maintain commercial confidentiality and protect future business opportunities. However, it has affirmed that the counterparty is a credible and established entity.
There is no interest from the promoters, promoter group, or group companies in the entity that awarded the order. Additionally, this transaction does not fall within related party transactions.
The order has been received in the normal course of business, and the company has complied with the necessary disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ZF Steering Gear India Ltd is engaged in the manufacturing of steering systems and components. The company focuses on expanding its product offerings and enhancing its market presence in the automotive and industrial sectors. It continues to explore opportunities in emerging markets and sectors to drive growth.