Amtek Auto plans to venture into aerospace, railways, oil & gas.

Amtek Auto, a diversified New Delhi based auto component manufacturer, plans to diversify into new areas such as aerospace, railways and oil and gas by utilising its core forging and casting business, a top executive said. The $2.7-billion Amtek Group will continue to maintain its main focus on the automotive industry, but is looking at synergies with other areas to harness growth potential. 'These are some new sectors identified by us for future growth,' Amtek Auto senior managing director John Flintham told ET.

ET