Amber Enterprises’ Subsidiary Establishes JV for Advanced Rail Component Manufacturing

Amber Enterprises India Limited announced the incorporation of a new Joint Venture Company (JVC) on August 20, 2024, named Yujin Machinery India Private Limited.

This JVC has been established in partnership with AT Railway Sub Systems Private Limited, a wholly-owned subsidiary of Sidwal Refrigeration Industries Private Limited (Sidwal), which in turn is a wholly-owned material subsidiary of Amber Enterprises, and Yujin Machinery Ltd, a South Korea-based company.

The primary objective of Yujin Machinery India Private Limited is to engage in the manufacturing of critical components for various rolling stock, including driving gears, couplers, pantographs, and brakes. These components will serve a wide range of rolling stock, such as wagons, trams, Vande Bharat trains, Indian Railways products, high-speed trains, metro trains, and regional rapid transit systems in India. The JV may also explore opportunities to expand its operations to other locations as agreed upon by the Joint Venture Partners.

The creation of Yujin Machinery India Private Limited marks a strategic expansion for Amber Enterprises and its subsidiaries into the railway sector, which is witnessing rapid modernisation and growth in India. The JV is poised to play a crucial role in supporting the Indian government’s initiatives to enhance and modernise the country’s rail infrastructure, particularly in the context of advanced trains like Vande Bharat and metro systems.

As part of this joint venture, AT Railway Sub Systems Private Limited will infuse a subscription amount of ₹2.75 crores, securing a 55% shareholding in Yujin Machinery India Private Limited. This majority stake underscores AT Railway’s commitment to driving the growth and success of the JV, leveraging Yujin Machinery Ltd.’s expertise in manufacturing advanced rolling stock components.

With the establishment of this joint venture, Amber Enterprises and its subsidiaries are set to strengthen their position in the Indian manufacturing sector, particularly in the high-potential railway industry, contributing to the ongoing development of modern, efficient, and reliable rail transportation in India.

About Amber Enterprises India Ltd

Amber Enterprises India Limited operates across components and finished goods in the HVAC industry, offering a diverse portfolio that includes room ACs, critical components, and mobility applications for railways, metros, buses, and defence. The company also provides commercial air conditioning solutions for high-tonnage needs.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.