Nova Agritech Ltd enters into agreement with Koneru Lakshmaiah Education Foundation

Nova Agritech Limited ("NATL") has entered into an agreement with Koneru Lakshmaiah Education Foundation renowned as Koneru Lakshmaiah (KL) University (hereinafter referred as "KLEF"), on 9th September, 2024, to develop a formal institutional relationship and appropriate linkages between NATL & KLEF, for cooperation and collaboration through industrial linkages, R&D programs, skill development programs and employment/placements, etc.

The significant points of the agreement entered includes:

- KLEF shall support employment development programs/workshops to enhance the skills/competence of NATL employees.

- KLEF intends to send their students as interns at NATL during the educational tenure in support of their curriculum and NATL may place students in their organization as employee upon completion of education at KLEF through KLEF's Central Training and Placement Cell.

- KLEF may undertake research and development projects, or analytical research works as and when requested by NATL with due permission of KLEF authorities along with separate and mutually agreeable financial agreements between KLEF and NATL.

Shares of Nova Agritech Limited was last trading in BSE at Rs. 72.40 as compared to the previous close of Rs. 72.16. The total number of shares traded during the day was 32787 in over 307 trades.

The stock hit an intraday high of Rs. 72.90 and intraday low of 71.30. The net turnover during the day was Rs. 2358763.00.

Source : Equity Bulls

Keywords

NovaAgritech Fertilizers INE02H701025 Agreement KoneruLakshmaiahUniversity