Bajaj Electricals Ltd enters into agreement with SEAK s.r.o.

Bajaj Electricals Limited ("the Company") entered into an agreement ("Agreement") with SEAK s.r.o., a company incorporated and registered under the laws of the Slovak Republic, and engaged in the business of manufacturing and distributing lighting control electronics and software ("SEAK" and, together with the Company, the "Parties").

This Agreement establishes an exclusive collaboration between the Parties, whereby, SEAK will manufacture and supply lighting control products developed using its proprietary power line control technology (including software and integrated solutions), which will be used by the Company for resale, as well as for the supply, installation, testing, and commissioning (SITC) of tunnel lighting projects in India ("Territory"). Where mutually agreed, the Parties may also engage with each other for the supply of products/services in other countries on a project-by-project basis, on such terms and conditions as mutually agreed between the Parties.

By combining SEAK's cutting-edge technology with the Company's deep industry expertise, the Company aims to deliver intelligent and energy-efficient lighting solutions for tunnel projects, addressing the evolving needs of India's and the region's growing infrastructure.

Shares of Bajaj Electricals Limited was last trading in BSE at Rs. 515.25 as compared to the previous close of Rs. 509.75. The total number of shares traded during the day was 16100 in over 1404 trades.

The stock hit an intraday high of Rs. 529.80 and intraday low of 510.00. The net turnover during the day was Rs. 8327804.00.

Source : Equity Bulls

Keywords

BajajElectricals INE193E01025 Agreement SEAKsro