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Lumax Industries Limited is the flagship company of the DK Jain Group. It was founded as a trading company in 1945 and today it has evolved as market leader of automobile lighting in the Indian automotive industry. In 1984, company entered into a technical collaboration with Stanley Electric Co. Ltd., Japan (SECL), which currently holds around 37.5% equity stake in the company. Other 37.5% is held by Indian…
Lumax Industries plans to invest up to Rs. 1.61 Cr to acquire a stake of not more than 26% in Power Pulse Trading Solutions (PTSL), a power trading arm of Adani Energy Solutions. This strategic move aims to secure renewable energy for Lumax's manufacturing facilities at Haridwar, Pant Nagar, and...
Lumax Industries has announced a board meeting on May 26 to approve the financial results for the quarter and half-year. The company plans to invest Rs 1.49 Cr to acquire at least a 26% stake in a new SPV under AMPIN C&I Private Limited. This stake will help Lumax qualify...
Lumax Industries Limited has approved investments of up to Rs. 1.19 Crores in FPEL Ujwal Private Limited and Rs. 0.69 Crores in Clean Max Nabia Private Limited. These investments allow Lumax to qualify as a captive user under the Electricity Act, facilitating energy generation from a hybrid power project for...