The contract pairs Hyperion's need to provide advanced connectivity solutions with BEL's world-class engineering and manufacturing capabilities.
Raymond rose 1.88% to Rs 798.65 after the companys consolidated net profit surged 362.33% to Rs 100.28 crore on 48.25% increase in revenue from operations to Rs 1,843.39 crore in Q3 December 2021 over Q3 December 2020.
Under the MoU, both the companies collaborate for strengthening infrastructure facilities, promoting multimodal transport systems and addressing environmental concerns.
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