Titan Intech Ltd to establish OEM & ODM Services with Electronic Manufacturing Services facilities

The Board of Directors of Titan Intech Limited has decided to establish a comprehensive Electric Manufacturing Services (EMS) facility that includes both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) capabilities. This initiative aims to establish the company's manufacturing prowess, support innovation, and cater to diverse customer needs under the Make in India and Digital India programs, with a primary focus on Chip on Board mini-LED backlighting & for the Railways and Defence sectors in both the Indian and global markets.

The entire project is estimated to cost around Rs 550 crores.

The Company will provide regular updates on the project's progress based on material developments.

Shares of Titan Intech Limited was last trading in BSE at Rs. 49.23 as compared to the previous close of Rs. 46.91. The total number of shares traded during the day was 1252387 in over 3024 trades.

The stock hit an intraday high of Rs. 49.25 and intraday low of 48.00. The net turnover during the day was Rs. 61583964.00.

Source : Equity Bulls

Keywords

TitanIntech INE807M01023 TextileProducts EMSFacility OEM ODM