Equipments company has signed a project cooperation agreement with a renowned Italian manufacturer
The stock is up over 50 per cent from its 52-week low of Rs 239 per share.
Anlon Technology Solutions Limited has announced a significant Project Cooperation Agreement (PCA) with Bonino S.r.l., an Italian manufacturer of specialised agricultural machinery. This strategic partnership will enable Anlon Technology Solutions to introduce and represent Bonino's advanced Grass Cut-cum-Collect Machines within the Indian market, expanding its portfolio of engineering solutions and market presence.
About Bonino S.r.l
Founded in 1946 by Antonio Bonino, Bonino S.r.l. is an Italian manufacturer specialising in advanced forage and harvesting machinery, notably for aromatic plants. With approximately 17 employees, the company achieved a turnover of around €3 million in 2021, reflecting 10 per cent growth. Bonino exports its specialised machines to over 30 countries, leveraging its engineering expertise and focus on sustainable agricultural solutions.
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About Anlon Technology Solutions Ltd
Anlon Technology Solutions Ltd, established in 2015, offers comprehensive engineering services, including training, consultancy, and research development, specifically for engineering systems and automotive equipment. The company collaborates with international OEMs, providing specialised solutions for mobile firefighting and rescue equipment, airport handling systems, road cleaning equipment, and climate control systems, among others. Anlon also manages spare parts distribution and after-sales service for equipment supplied by its partners, serving major Indian airports, refineries, and municipal corporations through annual maintenance contracts.
According to the financials, the company has a market cap of Rs 229 crore. The shares of the company have an ROE of 15 per cent and an ROCE of 19 per cent. The stock is up over 50 per cent from its 52-week low of Rs 239 per share.
Disclaimer: The article is for informational purposes only and not investment advice.