Lloyds Engineering Works Ltd enters into agreement wtih BARC for Transfer of Technoloy

Lloyds Engineering Works Limited (formerly known as Lloyds Steels Industries Limited) (hereinafter referred as 'Company') has today entered into Agreement with Bhabha Atomic Research Centre (hereinafter referred as 'BARC') for Transfer of Technology.

The aforesaid license will aid the Company in executing orders related to Desalination. Also, this License is valid for five years from the date of commencement of the agreement. Further, this Technology tie-up would assist the Company on a long-term basis as it helps in further diversification of the order book.

The agreement is for Transfer of Technology of Multi Effect Distillation with Thermo Vapour Compression (MEDTVC) Desalination Technology.

The Licensee shall utilize the Asset /Technology for manufacturing & fabrication of Multi Effect Distillation with Thermo Vapour Compression (MED-TVC) Desalination Technology in India and selling the same in India and/or abroad.

Shares of Lloyds Steels Industries Limited was last trading in BSE at Rs. 42.05 as compared to the previous close of Rs. 40.62. The total number of shares traded during the day was 345866 in over 1046 trades.

The stock hit an intraday high of Rs. 42.65 and intraday low of 40.00. The net turnover during the day was Rs. 14477629.00.

Source : Equity Bulls

Keywords

LloydsEngineeringWorks INE093R01011 Agreement BARC TranfserofTechnology