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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Cyient Limited    532175   INE136B01020

CYIENT LIMITED

(532175)
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Cyient : Enters into a Manufacturing Collaboration with Agappe to Bring World-Class Diagnostic Capabilities to Rural India

09/09/2020 | 12:58pm EST

HYDERABAD, India, Sept. 9, 2020 /CNW/ -- Cyient, a global engineering and digital technology solutions company, today announced that it has entered into a manufacturing partnership with Agappe to bring to market Count X. The Mispa Count X is an indigenously designed and developed three-part hematology analyzer by Agappe, that will make India self-reliant in hematology and enable the setup of well-equipped labs in remote and rural locations across India. Cyient will manufacture certain key components of Mispa Count X at its ISO 13485-certified, state-of-art manufacturing facilities in India.

Rajendra Velagapudi, Senior Vice President and CEO, Cyient DLM, commented, "We are proud to support the vision of an Atmanirbhar Bharat (self-reliant India) in the healthcare sector. It is a matter of immense pride that with Agappe's new hematology product, even rural India and other remote locations of the country will have access to the best of diagnostic capabilities."

Cyient's world-class facilities, project management, sourcing, supply chain management, production processes, buoyed by investments in the latest technologies as well as expertise in the delivery of quality products, make it a preferred manufacturing partner for aerospace, defense, medical, and industrial customers globally.

Dr. Satheesh Kumar CS, Senior Vice President, Agappe, said, "This partnership will enable Agappe to deliver high-quality, affordable, 100% made-in-India products by taking advantage of Cyient's ultra-modern manufacturing facilities to manufacture some of the key components of Mispa Count X so as to reduce time-to-market and lower operating costs. We are eager to get started with full-scale production in our manufacturing facility at Cochin and fulfill customer orders on time."

About Cyient:
Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and digital technology solutions company. As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems.

Cyient partners with customers to operate as part of their extended team in ways that best suit their organization's culture and requirements. Cyient's industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

For more information, please visit www.cyient.com

Follow news about the company at @Cyient

Contact Details
Perfect Relations
Vishal Thapa
Mobile: +91 9701834446
Email: vthapa@perfectrelations.com

 

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SOURCE Cyient

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Financials
Sales 2021 40 703 M 556 M 556 M
Net income 2021 3 411 M 46,6 M 46,6 M
Net cash 2021 6 569 M 89,8 M 89,8 M
P/E ratio 2021 16,0x
Yield 2021 2,51%
Capitalization 54 359 M 743 M 743 M
EV / Sales 2021 1,17x
EV / Sales 2022 1,00x
Nbr of Employees 13 578
Free-Float 66,0%
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 495,86 INR
Last Close Price 494,30 INR
Spread / Highest target 27,3%
Spread / Average Target 0,32%
Spread / Lowest Target -39,3%
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Managers and Directors
NameTitle
Krishna Bodanapu CEO, Director & Managing Director
Ajay Aggarwal President & Chief Financial Officer
Karthikeyan Natarajan President & Chief Operating Officer
Venkata Ram Mohan R Bodanapu Executive Chairman
Murugappan Muthiah Murugappan Non-Independent Non-Executive Director
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