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Stock Report
Cyient Opens New State-of-the-Art Office in Sydney, Expanding its Footprint in Australia
Posted On : 2024-12-11 15:45:26( TIMEZONE : IST )
Cyient, a global Intelligent Engineering services company, announces the launch of its new office in Sydney, Australia, located in Parramatta, New South Wales. This strategic expansion underscores Cyient's commitment to the Australian market, strengthening its position and enhancing its capabilities to serve customers across the connectivity sector.
Located in one of Australia's most dynamic business districts, the new office will accommodate over 100+ associates. With modern infrastructure and advanced facilities, the Parramatta office will enable Cyient to deepen its partnerships with leading connectivity providers, creating a collaborative environment that encourages innovation and operational excellence.
"Our new office in Parramatta is a critical component of Cyient's growth strategy in Australia," said Vikram Chimalgi, Senior Vice President & Global Delivery Head - Communications, Cyient. "This investment reaffirms our commitment to delivering cutting-edge solutions to our customers while establishing a stronger, localized presence. The enhanced proximity to our partners allows us to deliver unparalleled service, empowering them with innovative technology and agile solutions to succeed in an evolving digital landscape."
In addition to bolstering support for Cyient's connectivity clients, the new office positions the company to explore and expand opportunities in additional sectors. By increasing its operational base in Parramatta, Cyient is also well-placed to attract top talent and collaborate closely with local industry players.
Shares of Cyient Limited was last trading in BSE at Rs. 2063.50 as compared to the previous close of Rs. 2001.95. The total number of shares traded during the day was 12897 in over 1585 trades.
The stock hit an intraday high of Rs. 2074.00 and intraday low of 1988.05. The net turnover during the day was Rs. 26461699.00.
