Lokesh Machines Ltd enters into MOU with Ministry of Defence organisations

Lokesh Machines Limited (hereinafter "the Company" or "LML") has entered into a Memorandum of Understanding (hereinafter "MOU") with Advanced Weapons & Equipment India Ltd, Ministry of Defence (hereinafter "A WEIL") and Armament Research & Development Establishment, DRDO, Ministry of Defence, Government of India (hereinafter "ARDE") on February 15, 2023.

The objectives of the MOU are to establish the framework for co-operation between, A WEIL, LML Hyderabad and ARDE to jointly address the requirements of critical and strategic material required for Indian defence forces, paramilitary forces, police organizations, civil and export market.

Shares of Lokesh Machines Limited was last trading in BSE at Rs. 112.00 as compared to the previous close of Rs. 114.35. The total number of shares traded during the day was 3127 in over 149 trades.

The stock hit an intraday high of Rs. 115.35 and intraday low of 110.50. The net turnover during the day was Rs. 352412.00.

Source : Equity Bulls

Keywords

LokeshMachines INE397H01017 MoU DefenceMinistry