SIKA Receives Twin Recognitions for Company's Performance

SIKA Interplant Systems Limited (SIKA) has been named 'MSME of the Year' at the 7th Aerospace & Defence Awards held in Bangalore on the side lines of the recently concluded Aero India 2021 air show. The award was given by Mr. P. Jayapal, former Chief Executive of the Centre for Military Airworthiness & Certification (CEMILAC), DRDO, and Air Marshal SP Singh (retd.), PVSM AVSM VM.

The company was chosen to receive the award in recognition of SIKA's contributions to the indigenous design, manufacture, integration, supply, and lifecycle support for a range of high-precision aerospace and defence (A&D) systems.

Separately, a recent report published by the Economic Times has recognised SIKA as one of India's 'Growth Champions' for 2021, and is the only A&D company to feature in this year's list. The annual ranking, compiled by the Economic Times in partnership with Statista, puts into the spotlight the fastest growing companies among all Indian industries, in terms of revenue.

"We are delighted and grateful to have received these recognitions, which are a testament to our long-term strategy of targeted investments within the aerospace and defence sector. Thanks to the excellent work of our teams-whose commitment and resilience was thoroughly demonstrated in 2020-and the trust of our customers, SIKA has been able to make steady progress in recent years in alignment with the Indian government's Aatmanirbhar Bharat vision," said Kunal Sikka, Director, SIKA.

Shares of SIKA INTERPLANT SYSTEMS LTD. was last trading in BSE at Rs.344.5 as compared to the previous close of Rs. 349.95. The total number of shares traded during the day was 612 in over 40 trades.

The stock hit an intraday high of Rs. 350.95 and intraday low of 331.3. The net turnover during the day was Rs. 211327.

Source : Equity Bulls

Keywords