Lokesh Machines Limited has entered into a Memorandum of Understanding (MoU) with Advanced Manufacturing Technology Development Centre, IIT Madras and the confirmation letter for the same has been received by the company on November 21, 2022.
The MOU calls for the development of critical technologies such as the Rotary Drive Unit for the Milling Head and the Integrated Milling Spindle, which will replace critical imported technologies required for the development of 5-axis machine tools, as well as the construction of thermally stable machine tool structure and other machine tool elements that will ensure a thermally efficient high precision machine.
The Governing Board of IIT Madras established AMTDC as a Centre of Excellence for Machine Tools and Production Technology.
At around 1.04 PM, Lokesh Machines was trading at Rs105.80 down by 0.42% from its previous closing of Rs106.25 on the BSE. The scrip opened at Rs104.05 and touched intraday high and low of Rs106.90 and Rs101 respectively.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.