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The BSE midcap index rose 1.6 percent and the smallcap gained nearly 3 percent
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The BSE midcap index rose 1.6 percent and the smallcap gained nearly 3 percent
Dynamatic Technologies stock zoomed 11.56% to a high of Rs 7790.80 on BSE. Market cap of the firm rose to Rs 5205.78 crore.
Aircraft maker Airbus on Thursday announced awarding a contract to Indian company Dynamatic Technologies for manufacturing all the doors for its next-generation narrow body A220 planes, giving a boost to the 'Make in India' initiative. While financial details were not disclosed, Civil Aviation Minister Jyotiraditya Scindia said it is one of the single-largest export contracts for an Indian aerospace manufacturing company and emphasised that the country is becoming a destination for aircraft component manufacturing activities.
This is by far the French planemaker’s largest contract for doors, Airbus India President Remi Maillard said.
India Business News: Airbus has awarded a contract to Dynamatic Technologies, an Indian company, for manufacturing all the doors of its narrow body A220 family of aircraft