Kavveri Telecom Products Ltd updates on order win

Kavveri Telecom Products Ltd has received the order Valued Rs. 109 Millions for Radio frequency products and Antennas under the Make in India initiative, which shall be executed during the 2nd and 3rd quarter of the FY 2024-2025.

Kavveri Telecom Products Ltd received approval from MCA to change the name of the company to KAVVERI DEFENCE & WIRELESS TECHNOLOGIES LIMITED.

Further Commenting on this new development, Mr. Shivakumar Reddy, Managing Director, Kavveri Telecom Products Limited said that, "We are very pleased to report that we are in the process of Executing this Purchase Order for the products, which are designed and manufactured for the first time in India, and the entire Purchase Order will be executed during Q2 and Q3 of FY 2024-25."

Shares of Kavveri Telecom Products Limited was last trading in BSE at Rs. 31.22 as compared to the previous close of Rs. 30.61. The total number of shares traded during the day was 11185 in over 32 trades.

The stock hit an intraday high of Rs. 31.22 and intraday low of 31.22. The net turnover during the day was Rs. 349195.00.

Source : Equity Bulls

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