Kavveri Telecom Products Ltd secures Rs 109 Millions order for Radio Frequency Products and Antennas

Kavveri Telecom Products Limited, a leading wireless subsystem manufacturer, which provides world class hardware products and solutions for the telecom, defence and space industry has secured a Purchase Order for Rs. 109 Millions for Radio frequency products and Antennas under the Make in India initiative for a mission-critical project in India. Kavveri developed these products at its Research and Development centre in India for the first time under Make in India initiative.

The enormous amount of efforts spent on its R & D over the last several years is now reaping rewards for the company. Kavveri Telecom is currently endeavouring to procure orders from overseas markets with an end aim to be a global manufacturing hub for its products in India under the Make in India initiative.

Commenting on this new development, Mr. Shivakumar Reddy, Managing Director, Kavveri Telecom Products Limited said that, "It is incredibly gratifying to design and develop these mission-critical products under the Make in India initiative for the first time. Having accomplished many firsts in the wireless industry in India, we are committed to leveraging our expertise and experience to expand our market reach and contribute significantly to making Bharat Atmanirbhar. The benefits of the Make in India initiative, coupled with the significant expected growth of infrastructure in India, make it a very exciting time for us at Kavveri."

Shares of Kavveri Telecom Products Limited was last trading in BSE at Rs. 19.96 as compared to the previous close of Rs. 19.57. The total number of shares traded during the day was 11481 in over 27 trades.

The stock hit an intraday high of Rs. 19.96 and intraday low of 19.96. The net turnover during the day was Rs. 229160.00.

Source : Equity Bulls

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