Rs 19,790 million order book: Aerospace & Defence Company and Arcedo Systems Sign MoU to Establish 500 kWp Solar Power Plant at Mysore Facility
The company has a market cap of Rs 5,497 crore and as of September 30, 2024, the company has a strong order book of Rs 19,790 million.
Cyient DLM, a leading integrated electronics manufacturing company, has signed a Memorandum of Understanding (MoU) with Arcedo Systems, a premier provider of integrated renewable energy solutions, to establish a 500 kWp rooftop solar power plant at Cyient DLM’s Mysore facility. This strategic collaboration reinforces Cyient DLM’s commitment to sustainability and advancing its Environmental, Social, and Governance (ESG) goals by significantly increasing its reliance on renewable energy.
As part of this MoU, Arcedo Systems will design, engineer, install, and maintain the solar power plant. The project will operate under a long-term Power Purchase Agreement (PPA), where Cyient DLM will procure solar power generated at the facility. This project will not only provide Cyient DLM with substantial energy cost savings but also contribute to India’s ambitious renewable energy goals by advancing the adoption of solar energy in industrial operations.
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About Cyient DLM Ltd
Cyient DLM (Est: 1993, NSE: CYIENTDLM) is a leading Integrated Electronics Manufacturing Solutions provider that offers Design Led Manufacturing (DLM) solutions across the entire product lifecycle. With a focus on safety-critical electronics in highly regulated industries, Cyient DLM delivers design, manufacturing, testing, and certification support to ensure the highest standards of reliability, safety, and performance. The company serves customers in diverse sectors including aerospace & defence, industrial, and medical & healthcare, with a commitment to driving innovation and value-driven solutions.
The stock’s 52-week high is Rs 882.90 and its 52-week low is Rs 580. The stock is up by 23 per cent from its 52-week low of Rs 580 per share. The company has a market cap of Rs 5,497 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.