Padget Electronics enters into an Agreement with Longcheer for manufacturing and sale of smart phones

Dixon's Wholly owned subsidiary - Padget Electronics Private Limited has entered into an Agreement with Longcheer and has commenced the production/ manufacturing and sale of smart phones for large global brands with Longcheer's design and technology.

Longcheer has strong capabilities in product-level solution design, hardware innovation design, system-level software platform development, lean production, supply chain integration & quality control capabilities. They provide integrated smart product services to global leading consumer electronics brands & tech enterprises across multiple countries & regions with global delivery capabilities & has approximately 28% share of ODM at Global Level.

Commenting on this association, Mr. Atul B. Lall, Vice Chairman & Managing Director, Dixon Technologies (India) Limited said, "It gives us an immense pleasure to partner with 'Longcheer' for undertaking manufacturing and sale of smart phones for large global brands with Longcheer's design and technology. This association will give a strong impetus to India's manufacturing competitiveness.

We are ecstatic and encouraged by the trust that Longcheer and its designated customers have reposed on Dixon group for the proposed association and we firmly believe that this association will leverage our excellence, superior execution track record and Longcheer deep expertise in mobile phones. We see them as an ideal partner who share our core values of quality, engineering prowess, innovation & customer satisfaction. We are confident that this is just the beginning of a large & prolific relationship & there is immense potential to further build on the shared capabilities to deliver sustainable growth.

Shares of Dixon Technologies (India) Limited was last trading in BSE at Rs. 7532.00 as compared to the previous close of Rs. 7501.95. The total number of shares traded during the day was 77128 in over 7029 trades.

The stock hit an intraday high of Rs. 7556.45 and intraday low of 7198.50. The net turnover during the day was Rs. 562728612.00.

Source : Equity Bulls

Keywords

DixonTechnologiesIndia INE935N01020 PadgetElectronics Agreement Longcheer