Alfa Transformers signs technology transfer agreement with Hitachi Metals India

Alfa Transformers Ltd has announced that the Company has signed a Technology Transfer agreement on May 09, 2007 with M/s. Hitachi Metals India to manufacture, use and sell Amorphous Metal core to be used in energy efficient Transformers.

The manufacturing facility for Amorphous Metal wound core will be established at the Company's "Plant 2" in Bhubaneswar.

The stock closed the day at Rs.58, up by Rs.2.20 or 3.94%. The stock hit an intraday high of Rs.58.55 and low of Rs.56. The total traded quantity was 3397 compared to 2 week average of 7775.

Source : Equity Bulls

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