RACL Geartech Limited enters into technical agreement with ARRK Engineering GmbH

RACL Geartech Limited has entered into a technical agreement with ARRK Engineering GmbH, a leading engineering services provider headquartered in Germany.

This strategic alliance is aimed at leveraging ARRK Engineering's advanced expertise in product design, prototyping, virtual simulation, testing & validation, together with RACL Geartech's proven capabilities in mass production of high-precision gears, shafts & precision machined component for next-generation drive train and transmission solutions for global automotive and E-Mobility market.

Henceforth, RACL Geartech shall be positioned to offer end-to-end solutions not only for manufacturing of drive line & other precision components but also shall enable to offer solutions for product design, engineering, testing & validation services. ARRK's advanced design, simulation and validation tools shall enable RACL to offer concept-to production solutions to OEMs and Tier-1 suppliers at an earlier stage of the product development cycle.

It shall enable RACL to move up the value chain from being a component supplier to end to end Engineering & Industrialisation solution provider.

Shares of RACL Geartech Ltd was last trading in BSE at Rs. 935.00 as compared to the previous close of Rs. 944.10. The total number of shares traded during the day was 597 in over 148 trades.

The stock hit an intraday high of Rs. 971.20 and intraday low of 935.00. The net turnover during the day was Rs. 565244.00.

Source : Equity Bulls

Keywords

RACLGeartech INE704B01017 TechnicalAgreement ARRKEngineeringGmbH