Padget Electronics to commence manufacturing of Smart Phones for Motorola

Dixon Technologies India Ltd's (BSE: 540699, NSE: DIXON) wholly owned subsidiary - Padget Electronics has signed agreement with Motorola for manufacturing of smart phones. The Products will be manufactured at Padget's manufacturing facility situated at Noida, Uttar Pradesh.

Commenting on this occasion, Mr. Atul B. Lall, Vice Chairman & Managing Director- Dixon said, "With nearly a century of existence in the market, the legacy and standing of Motorola is unparalleled. To partner with them gives us immense pride as one has to tick each and every box to be on their Board. We are honored to be associated with Motorola brand and we aspire to take forward their legacy of high quality, commitment, ethics and trust. We are positive that this is just a starting leg of a long and prolific relation. We will be doing smart phones for Motorola.

He further stated that, "Dixon's wholly owned subsidiary Padget Electronics is one of the few Companies who recently received PL/ scheme approval from Government of India (GO/). We, at Dixon, are committed to Government's vision of making India an 'Atmanirbhar Bharat' and are confident that in backdrop of government's schemes and initiatives to boost electronics manufacturing sector, India will soon be a competitive destination globally.

Shares of Dixon Technologies (India) Ltd was last trading in BSE at Rs.12771.95 as compared to the previous close of Rs. 12644.05. The total number of shares traded during the day was 1082 in over 543 trades.

The stock hit an intraday high of Rs. 12978.8 and intraday low of 12676.75. The net turnover during the day was Rs. 13894051.

Source : Equity Bulls

Keywords