Dixon Electro Appliances enters into an Agreement with Nokia for development and manufacturing of Telecom products

Dixon's Subsidiary- Dixon Electro Appliances Private Limited has entered into an Agreement with Nokia for development and manufacturing of Telecom products.

Nokia Solutions and Networks OY is a developer and supplier of sophisticated communications equipment & terminals, accessories and connectivity solutions.

Commenting on this association, Mr. Atul B. Lall, Vice Chairman & Managing Director, Dixon Technologies (India) Limited said, "We are ecstatic to announce that we have partnered with an iconic brand 'Nokia' for undertaking development and manufacturing of Telecom products. This association will give a strong impetus to India's manufacturing competitiveness. We are honored to be associated with Nokia brand and we aspire to take forward their legacy of high quality, commitment, ethics and trust. There is tremendous scope and potential in the Telecom product's market and it's gratifying that Nokia has partnered with Dixon for its Telecom products segment.

We are sure that with their vision and stringent industry-leading processes, combined with our expertise in manufacturing, Nokia's customers are going to have an enriching experience. We are confident that this relationship shall go a long way and we keep on strengthening our relationship in times to come."

Shares of Dixon Technologies (India) Limited was last trading in BSE at Rs. 8298.25 as compared to the previous close of Rs. 8410.20. The total number of shares traded during the day was 8716 in over 1848 trades.

The stock hit an intraday high of Rs. 8490.95 and intraday low of 8277.70. The net turnover during the day was Rs. 72899296.00.

Source : Equity Bulls

Keywords

DixonTechnologiesIndia INE935N01020 DixonElectroAppliances Agreement Nokia