The collaboration aims to strengthen India's aircraft Maintenance, Repair, and Overhaul (MRO) industry, particularly for the growing A320 fleet
Furthermore, the agreement includes the possibility of financing overseas ventures related to high-speed rail, metro, IT network, etc.
On October 27, Wistron India's parent firm informed the Taiwan Stock Exchange of Tata Electronics Pvt. Ltd's (TEPL) plan to purchase the iPhone assembly business in Kolar for $125 million.
Recommendation: Add; Target Price: Rs 800
Finance costs surge over 28%, leading to total expenses rising nearly 30% to Rs 1,743 crore
In a statement outlining the reasoning behind the choice, ICICI Bank stated that it does not anticipate having to provide the company with further capital infusion.
As per the company's BSE report, as of September 30, its total order book was Rs 32,152 crore.
Operating revenue increased 16.6% during the quarter to Rs 9,638 crore from Rs 8,266 crore during the corresponding period in the previous fiscal year.
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