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Centum Electronics Ltd — Capital/Financing Update 2022
Oct 20, 2022
61011_rns_2022-10-20_76776fa1-5688-4dc1-a392-f67b6308882f.pdf
Capital/Financing Update
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Ref: CEL/NSEBSE/PR/20102022 20[th] October, 2022
To,
Listing Department Department of Corporate Services ‐ Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051
Re: Scrip Symbol: CENTUM/ Scrip Code: 517544
Dear Sir/ Madam,
Sub: Press Release – Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In terms of Regulation 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the copy of the press release titled “India to benefit as Centum joins hand with Indra Sistemas for manufacturing Space Radar Systems” .
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For Centum Electronics Limited
Digitally signed by INDU H S INDU H S Date: 2022.10.20 15:36:03 +05'30'
Indu H S Company Secretary & Compliance Officer
Encl: as above
Centum Electronics Limited
44, KHB Industrial Area, Yelahanka New Town, Bangalore - 560 106, Karnataka, India
Tel +91-(0)80-4143-6000 Fax +91-(0)80-4143-6005 Website www.centumelectronics.com E-mail [email protected] CIN - L85110KA1993PLC013869
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India to benefit as Centum joins hands with Indra Sistemas for
manufacturing Space Radar Systems
Gandhinagar, October 20, 2022: Centum Electronics Limited, India, and Indra Sistemas, S.A Spain, have signed an MoU to exclusively collaborate in high-end futuristic Radar systems and technologies for the Government of India. The MoU envisages manufacturing and commissioning of the radar for space applications.
Long-range radar is intended to detect, track and analyse objects and debris in space at a distance of thousands of kilometres.
The MoU was exchanged between Mr. Nikhil Mallavarapu, Executive Director, Centum Electronics Limited, and Mr. Jaime Manuel Temes Giménez, International Director for Defence, Indra Sistemas S.A at Gandhinagar on 20th Oct 2022 during “Bandhan” event in Def Expo 2022.
During the event Mr. Nikhil Mallavarapu said, “ The country would benefit by filling a key technology gap that exists. This exclusive cooperation would also serve the Hon’ble Prime Minister’s vision of Atma Nirbhar Bharat by manufacturing most of the high-end microwave, digital and power electronics hardware within the country ”. Mr. Jaime Manuel Temes Giménez, International Director for Defence, Indra Sistemas S.A, indicated that Indra is aligned with the Make in India vision and is pleased to collaborate with CENTUM.
Mr. Vinod Chippalkatti, President & Cdr Subhash Ahlawat IN Retd, Director, Business Development from Centum Electronics were also present in addition to other senior officials.
This MoU will enhance Centum’s indigenous Radar technology capabilities in addition to generating additional revenues in the coming years.
Centum has a strong R&D/ indigenization policy for developing, qualifying, and delivering Military grade electronic systems and subsystems for Radars, EW systems, Missiles, and Aerospace/Space platforms.
About Centum
Centum was founded in 1994 in Bangalore, India. Since then, Centum has rapidly grown into a diversified electronics system design & manufacturing company with more than 2000 employees operating in North America, EMEA and Asia. The company offers a broad range of products and services across high reliability segments of defence, space, aerospace, transport, industrial and medical. It has continuously invested in strengthening its design & product development capabilities while developing deep domain knowledge in the segments it operates in. Centum has also established truly world-class manufacturing facilities with cutting-edge infrastructure as well as a global supply chain capable of delivering products with high quality and reliability.
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A key contributor to Centum Group’s growth has been the strong relationships forged with international customers and partners. This customer-focused approach coupled with Centum’s culture hinged on the core values of Technology-Teamwork-Trust has resulted in a track-high-quality products & services and excellent execution ability.
About Indra
Indra is one of the leading global technology companies and partner for the core business operations of its customers worldwide. It is a world leader in providing proprietary solutions in specific segments in Defence and Transport markets, and the leading firm in Digital Transformation Consultancy and Information Technologies in Spain and Latin America. Its business model is based on a comprehensive range of proprietary products, with a high-value focus and with a high innovation component. In the 2021 financial year, Indra achieved revenue of € 3.390 million, + 52,000 employees, a local presence in 46 countries and business operations in over 140 countries .
For more information, contact:
Concept Public Relations, Ahmedabad Ankit Shah, M: +91 9998123728 E-mail: [email protected]
Concept Public Relations, Mumbai Shubham Panjari, M: +91 98332 61798 E-mail: [email protected]