New Delhi, Sept. 3 -- Autoline Industries shares rallied nearly 16% in intraday trade on Thursday, September 16, after the auto component manufacturer announced a new business award from Tata Motors Passenger Vehicles Ltd for the supply of components for SUV applications.

Autoline stock climbed as much as 15.97% to an intraday high of Rs.98.49 per share on the BSE.

The order is expected to generate approximately Rs.100 crore in additional revenue per year, subject to production schedules and actual customer requirements.

"Following the scheduled programme ramp-up and subject to customer production schedules and actual requirements, the business is expected to generate annual incremental revenue of approximately Rs.100 crore.

The award...