Upper Circuit Alert: Aerospace & Defence Company Bags Order Worth Rs 5,23,09,392 From Defence Manufacturing Entity
The stock is up by 75 per cent from its 52-week low of Rs 125 per share.
TechEra Engineering (India) Limited has secured a new domestic order from a Defence Manufacturing Entity valued at Rs 5,23,09,392 (excluding GST). This commercial order involves providing technical competency for manufacturing aircraft assemblies. The exact time frame for execution will vary based on the client's specific requirements and milestones.
TechEra Engineering (India) Limited, established in 2018, specialises in designing, manufacturing, and supplying precision tooling and components for the aerospace and defence industries. The company offers a comprehensive range of products, including assembly tooling, jigs, fixtures, MRO tooling, ground support equipment, and precision-machined components. Their state-of-the-art manufacturing facility in Maharashtra, equipped with advanced technologies such as 5-axis machining and 3D modelling, enables them to meet the rigorous standards of the aerospace and defence sectors. Certified to ISO 9001:2015 and AS9100D:2018, TechEra caters to a global clientele spanning North America, Europe, and the Asia-Pacific region.
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On Tuesday, shares of TechEra Engineering (India) Limited hit a 5 per cent upper circuit to Rs 202.25 per share from its previous closing of Rs 192.65 per share. The company has a market cap of Rs 334.14 crore with an ROE of 10 per cent and an ROCE of 13 per cent. The stock is up by 75 per cent from its 52-week low of Rs 125 per share.
Disclaimer: The article is for informational purposes only and not investment advice.