Him Teknoforge Ltd executes technical collaboration agreement

Him Teknoforge Limited has Completed the execution of a Technical Collaboration Agreement with JIUXIN Precision Tooling Corp. and YIYOU Machinery Co., Ltd. (Authorized Representative of JIUXIN Precision Tooling Corp.), both entities incorporated in the Republic of China.

The company will be assisted by YIYOU Machinery Co., Ltd. in selecting suitable presses and equipment, developing optimized forging solutions, and supplying cost-effective dies, tools, and tooling solutions on mutually agreed commercial terms. YIYOU Machinery Co., Ltd. shall provide training to Company personnel and depute qualified technical expert for 4-6 months each year, and also accept nominated personnel of company for a minimum three-week hands-on training program at its facilities in China.

Shares of Him Teknoforge Ltd was last trading in BSE at Rs. 225.05 as compared to the previous close of Rs. 205.80. The total number of shares traded during the day was 92528 in over 885 trades.

The stock hit an intraday high of Rs. 229.90 and intraday low of 209.95. The net turnover during the day was Rs. 20682391.00.

Source : Equity Bulls

Keywords

HimTeknoforge INE705G01021 TechnicalCollaborationAgreement