Suprajit Engineering Ltd has announced the signing of a Memorandum of Understanding (MOU) with Chuo Spring Company Limited, Japan (Chuo).
This collaboration includes a 50:50 joint venture (JV) in India to design, manufacture, and supply transmission cables, and a Technical Assistance (TA) agreement, which grants JV access to Chuo's unique Japanese Transmission cable technology.
The JV and TA will first focus on delivering projects for India's two leading Japanese PV OEMs.
The collaboration brings together two globally recognised cable suppliers. It extends the reach of Chuo's special Transmission cable technology to India and may further support Suprajit's global OEM customers. The collaboration further expands SEL's product range to key Japanese customers, and the transmission cable market, going forward.
Shares of Suprajit Engineering Limited was last trading in BSE at Rs. 450.95 as compared to the previous close of Rs. 443.65. The total number of shares traded during the day was 6454 in over 449 trades.
The stock hit an intraday high of Rs. 451.45 and intraday low of 442.40. The net turnover during the day was Rs. 2884918.00. |
