Centum Electronics Limited Receives DRDO's Prestigious Defence Technology Absorption Award

Centum Electronics Limited was awarded the prestigious Defence Technology Absorption Award 2018 by the Defence Research and Development Organization (DRDO), India's premier research and development organization for military and defence technology. The award was handed over to CMD, Mr. Apparao V Mallavarapu by Hon'ble Defence Minister Shri Rajnath Singh at a ceremony hosted at DRDO HQ on 18th December 2020. The award was conferred on Centum Electronics Limited, in recognition of their outstanding contribution towards the absorption of critical technology in defence space systems and pioneering the development of Space Grade Hardware of onboard Satellite based Electronic Warfare Payload for the Satellite Mission Kautilya.

Mr. Apparao V Mallavarapu, Chairman and Managing Director said, "It is a great Honour and Privilege to receive this wonderful recognition from Mr. Rajnath Singh Hon'ble Defence Minister of Government of India. It was the extraordinary teamwork and support we received from the Scientists and Engineers of DRDO that enabled us to deliver this State-of-the-Art System of National Importance. There have been many first-time technologies and processes developed by Centum electronics that made realising this Complex system possible. This is a very Proud moment for all of us at Centum".

Shares of CENTUM ELECTRONICS LTD. was last trading in BSE at Rs.375.95 as compared to the previous close of Rs. 383.55. The total number of shares traded during the day was 5543 in over 489 trades.

The stock hit an intraday high of Rs. 399.3 and intraday low of 374.7. The net turnover during the day was Rs. 2169574.

Source : Equity Bulls

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