Cyient to inaugurate development centre in Warangal

Cyient announced the opening of its new development centre in Warangal, which will be functional post inauguration.

The inauguration will take place on January 07, 2020, by Mr. K. T. Rama Rao, Hon'ble Minister for IT, Municipal Administration & Urban Development, Industries, and Commerce, Government of Telangana, and in the presence of Mr. BVR Mohan Reddy, Founder and Executive Chairman, Cyient, Mr. Krishna Bodanapu, the Managing Director and CEO, Cyient, and other senior officials of the company.

This development centre is the largest in Warangal, which will also help in attracting IT investments in the city. The new centre will propel the growth of Cyient's communications business supported by local talent from Warangal and can accommodate 800 associates. Thus, Cyient's Warangal development centre will support telecom customers globally in planning and designing and also for engineering services for their mobile and fixed-line networks. The company works with several of the largest communications service providers in the US, Europe, and Asia-Pacific region, helping them accelerate the deployment of SG networks, expand fiber-to-the-home coverage and implement digital solutions to enhance customer experience.

Cyient Limited is a global engineering and technology solutions company.

Despite this announcement, on Monday, the stock of the company closed at Rs 423.10, down by 2.82 per cent or Rs 12.30 per share. The 52-week high is Rs 692.30 and 52-week low is Rs 380 on the BSE.