Aerospace & Defence Company Bags Order Worth Rs 3,95,00,000 From Tata Advanced Systems Limited

The stock is up by 65.6 per cent from its 52-week low of Rs 125 per share.

TechEra Engineering (India) Limited has secured a significant domestic commercial order from Tata Advanced Systems Limited (TASL) - Vadodara, valued at Rs 3,95,00,000. The scope of work involves the manufacturing and supply of Final Assembly Line (FAL) Scaffolding for C295 Aircraft. The order is expected to be executed by March 2025.

Earlier, TechEra Engineering bagged Rs 5.59 crore worth of orders from aerospace and railway giants. The major order of Rs 2.35 crore is from Tata Advanced Systems for C295 aircraft scaffolding, showcasing the company's growing prominence in the sector.

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 modelling, 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 Thursday, shares of TechEra Engineering (India) Limited gained 1.97 per cent and made a new 52-week high of Rs 207 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 65.6 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.