Rs 19,790 million order book: Aerospace & Defence Company Wins Long Term Deal with Honeywell Aerospace Technologies to Provide Aircraft Cooling Technology
The stock is up by 80 per cent from its 52-week low of Rs 465 per share.
Cyient DLM Ltd, an integrated partner for design-led manufacturing, announced its partnership with Honeywell Aerospace Technologies for the ground-breaking micro vapor cycle system (Micro VCS), aimed to revolutionize aircraft cooling technology. Cyient DLM has inked a 16-year program forecast to develop liquid cooling loops that will be used in select applications of Micro VCS.
Micro VCS is poised to redefine cabin temperature control. Crafted meticulously while prioritizing sustainability and efficiency, Micro VCS represents a leap forward in shaping the future of aircraft. A first of its kind micro vapor cycle system, Micro VCS is up to 35 percent lighter and 20 percent more efficient than systems with comparable cooling capacity.
This project exemplifies Cyient DLM’s commitment to pushing the boundaries of technological advancement in service of a more sustainable and interconnected future. Through strategic collaborations with industry leaders like Honeywell AT, Cyient DLM continues to position itself as a driving force in shaping the landscape of aerospace engineering.
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About Cyient DLM Ltd
Cyient DLM (Estd: 1993, NSE: CYIENTDLM) is a leading Integrated Electronics Manufacturing Solutions provider that offers Design Led Manufacturing (DLM) solutions to our customers. We take ownership of design, manufacturing, testing, and certification support to ensure that customers' products meet robust reliability, safety, and performance standards. We have expertise in safety-critical electronics in highly regulated industries. With a global presence and a strong commitment to delivering value-driven solutions, the company has been instrumental in transforming businesses through innovation and technology.
Today, shares of Cyient DLM gained 2.22 per cent to an intraday high of Rs 836.85 per share from its previous closing of Rs 818.65. The stock’s 52-week high is Rs 882.90 and its 52-week low is Rs 465. The stock is up by 80 per cent from its 52-week low of Rs 465 per share. The company has a market cap of Rs 5,105 crore and as of September 30, 2024, the company has a strong order book of Rs 19,790 million. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.