Amtek reports Q2 net loss of USD79.7 million, company close to deal for Tekfor

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Corporate developments

Targets to reduce debt

Amtek Auto has reported a net loss of INR5.28 billion (USD78.4 million, 31 March 2016) in the second quarter ended 31 March 2016 against net profit of INR1.2 billion (USD18.1 million, 31 March 2015) in the same period a year earlier, the Indian forging supplier said in a press release.

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