Mindteck Wins Two-Year Contract in the Middle East

Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, has won a two-year contract with one of the largest public sector manufacturing companies in the Middle East.

The scope of the project encompasses maintenance and management of the IT infrastructure system for two years.

Commenting on the project win, Mr. Anand Balakrishnan, Chief Executive Officer and Managing Director, said: "We are pleased to have secured business with such a prestigious company in the region. This represents our potential to withstand competition as a foreign-owned company, and also provides a strategic boost to our growth plans."

Shares of MINDTECK (INDIA) LTD. was last trading in BSE at Rs.22.25 as compared to the previous close of Rs. 22.7. The total number of shares traded during the day was 3616 in over 221 trades.

The stock hit an intraday high of Rs. 23.6 and intraday low of 21.7. The net turnover during the day was Rs. 79540.

Source : Equity Bulls

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