Rs 2,196.30 crore order book: MM-Wave & RF Products Company Collaborates with IITM for the development of Secure SoC IP
The stock is up by 30 per cent from its 52-week low of Rs 954.10 per share.
MMRFIC Technology Private Limited, an associate of Sansera Engineering Limited, has forged a significant partnership with the Indian Institute of Technology Madras (IITM) to develop a RISC-V-based Secure System on Chip (SoC) for strategic government applications. This collaboration, formalized through a five-year Memorandum of Understanding (MoU), leverages IITM's renowned expertise in technical education and research, particularly through its SHAKTI initiative, which focuses on open-source processor development. The partnership aims to combine IITM's RISC-V hardware and software components with MMRFIC's indigenously developed cryptographic accelerators, fostering innovation in secure chip technology.
MMRFIC will play a crucial role in the development process, focusing on the practical implementation and integration of the Secure SoC. Their responsibilities include building and testing the SoC using components provided by both IITM and their cryptographic accelerators, managing the project's plan and schedule, and coordinating the sharing of resources. They will also be responsible for integrating hardware and software components, software toolchains, scripts, specifications, and validation results. This collaborative effort will utilize the engineering manpower and EDA tools of both institutions, contributing to the advancement of secure and open-source chip technology in India.
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About the Company
Sansera Engineering Limited was incorporated in 1981. Sansera is an engineering-led integrated manufacturer of complex and critical precision-engineered components across automotive and non-automotive sectors. Within the automotive sector, we manufacture and supply a wide range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminium forged parts, which are critical for engine, transmission, suspension, braking, chassis and other systems for the 2-wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, the Company manufactures and supplies a wide range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods.
As of December 31, 2024, the company’s order book stands at Rs 2,196.30 crore. The company has a market cap of over Rs 7,000 crore. The stock is up by 30 per cent from its 52-week low of Rs 954.10 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.