Cyient to support medical equipment manufacturing

Cyient, a global engineering and technology solutions company, today announced that it has received a clearance for its Mysore facility to run its MedTech manufacturing lines to support the production of medical equipment, which is of critical importance in the fight against COVID-19.

The national as well as every state government is working on building enough supply of essential medical devices, so as to combat the pandemic. Several companies are helping in this effort too. Many companies have also provided a financial help to the government for the fight against the pandemic by donating to the cause.

Cyient is producing assemblies that are used in X-ray generators from GE Healthcare and diagnosis units from Molbio Diagnostics, in order to enable rapid disease testing in India.

Cyient’s factory in Mysore (India) is dedicated to electronic manufacturing processes, including printed circuit board assemblies, cable harnesses and box builds that closely align with our core competence in electronic systems design, integration and manufacturing services.

The stock of Cyient closed at 229, down by 5.26 per cent or Rs 11.45 per share. The intraday high is Rs 232.20 and intraday low is Rs 217.50. The 52-week high is Rs 658 and the 52-week low is Rs 205 on BSE.