Axiscades Engineering gains over 4% after forming JV with Assytem

This JV Company will undertake engineering services for energy sector business for Indian and global utilities and contractors.

Jun 21, 2018 12:06 IST India Infoline News Service

AXISCADES
Axiscades Engineering surged by 4% after formalizing its agreement with Assytem to inaugurate a joint venture. This JV Company will undertake engineering services for energy sector business for Indian and global utilities and contractors.  

This joint venture combines Axiscades strength in engineering services and economic competitiveness with Assystem’s domain expertise in the energy and infrastructures fields. This combination will aid them to meet the needs of the industry’s leading energy, infrastructures, and nuclear majors across the globe. This JV also strengthens the economic competitiveness of Assystem engineering centers based in Europe, North America and the Middle East.

Axiscades Engineering Technologies is currently trading at Rs120.90 up by Rs4.75 or 4.09% from its previous closing of Rs116.15 on the BSE.
The scrip opened at Rs119 and has touched a high and low of Rs122.45 and Rs118.65 respectively. So far 2,08,148 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs438.58cr.

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