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Zen Technologies stock climbs over 2% after bagging an export contract worth Rs35cr

The equipment order is expected to be executed in the next 3 quarters. Operation & Maintenance is for 4 years.

November 23, 2021 12:11 IST | India Infoline News Service
Zen Technologies has signed an export contract worth ~ Rs35cr with one of its important Middle East customers. The order includes Live Simulation equipment (Rs19.7cr) and O&M (Rs15.4cr) for 4 years.

The equipment order is expected to be executed in the next 3 quarters. Operation & Maintenance is for 4 years.

Zen Technologies emerged as the winner against tough competition from Europe and USA.

Its total, the company's order book position as of date is Rs427.79cr.

At around 12.09 pm, Zen Tech was trading at Rs208.40 per piece up by 2.26% on Sensex. 

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