Aerospace & Defence Company Bags Orders Worth Rs 5,59,00,000 From Tata Advanced Systems; National Aerospace Laboratories & Godrej & Boyce Mfg Co. Ltd
The stock is up by 54 per cent from its 52-week low of Rs 125 per share.
TechEra Engineering (India) Limited has recently secured four significant orders from prominent domestic entities in the aerospace and railway sectors. These orders, collectively valued at approximately Rs 5,59,00,000, highlight the company's growing prominence in the manufacturing and supply of specialized engineering solutions.
The largest order, worth Rs 2,35,00,000, has been awarded by Tata Advanced Systems Limited, Vadodara, for the manufacturing and supply of Final Assembly Line (FAL) Scaffolding for the C295 aircraft. This project underscores the company's capabilities in the aerospace domain.
Additionally, TechEra Engineering has secured orders from National Aerospace Laboratories for the supply of 6 layup tools, valued at Rs ,43,00,000, and from Tata Advanced Systems Limited, Bangalore, for the supply of 12 layup tools, valued at Rs 95,00,000. These orders further solidify the company's position in the aerospace sector.
The fourth order, received from Godrej & Boyce Manufacturing Co. Ltd., involves the manufacturing of fixtures for 2 Vande Bharat metro train bogies. Valued at Rs 86,00,000, this order demonstrates the company's diversification into the railway sector.
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Earlier, TechEra Engineering (India) Limited has secured substantial orders worth Rs 3.75 crore from HAL for the precision machining, inspection, and delivery of critical aircraft components. These orders, valued at Rs 2.46 crore and Rs 1.29 crore respectively, are expected to be completed within 24 months. This win solidifies TechEra's position as a key supplier of high-quality aerospace components.
TechEra Engineering (India) Limited, established in 2018, specializes 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 modeling, 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.
On Tuesday, shares of TechEra Engineering (India) Limited hit a 5 per cent lower circuit to Rs 192.35 per share from its previous closing of Rs 202.45 per share. The company has a market cap of Rs 318 crore with an ROE of 64 per cent and an ROCE of 26 per cent. The stock is up by 54 per cent from its 52-week low of Rs 125 per share. Investors should keep an eye on this aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.