Esab India - Esab AB, Sweden secures order from ISRO

Esab India Ltd has announced that ESAB AB, Sweden has bagged a major order to the tune of Rs 196.90 million from Indian Space Research Organisation (ISRO) for supply of friction stir welding equipment for use on rocket fuel tanks.

The Company would act as the agent for the above said order and would be getting a commission of roughly around Rs 10.00 million for the year.

Source : Equity Bulls

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