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Sansera Engineering Limited — Capital/Financing Update 2024
Sep 6, 2024
62659_rns_2024-09-06_1b1e2679-4a3f-40cf-a4af-e6fd337854d7.pdf
Capital/Financing Update
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September 06, 2024
The National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra – Kurla Complex Mumbai 400051 Scrip Symbol: SANSERA
The Department of Corporate Services BSE Limited, P.J. Towers, Dalal Street Mumbai 400001
Scrip Code: 543358
Dear Sir/ Madam
- Subject: Joint Press Release Intimation under SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015
Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, please find attached joint Press release titled” DYNAMATIC AND SANSERA ENGINEERING INK LONG-TERM DEAL TO PRODUCE COMPLEX COMPONENTS FOR AIRBUS A220 DOOR PROGRAM”.
Kindly take the same on your record.
Thanking you,
for Sansera Engineering Limited
RAJESH Digitally signed by KUMAR RAJESH KUMAR MODI Date: 2024.09.06 MODI 13:38:48 +05'30'
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Rajesh Kumar Modi Company Secretary and Compliance Officer M.No. F5176
SANSERA ENGINEERING LIMITED
Reg Off: Plant 7, No. 143/A, Jigani Link Road, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309 E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542
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JOINT PRESS RELEASE
DYNAMATIC AND SANSERA ENGINEERING INK LONG-TERM DEAL TO PRODUCE COMPLEX COMPONENTS FOR AIRBUS A220 DOOR PROGRAM
Bangalore, 06 September 2024
Dynamatic Technologies Limited and Sansera Engineering Limited have signed a Memorandum of Understanding (MoU) to supply intricate structural parts for the Airbus A220 Door Program. Dynamatic Technologies is delighted to announce the awarding of a long-term contract to Sansera Engineering for the manufacturing of these complex components. This notable agreement strengthens the strategic partnership between the two companies, marking a new phase in their collaboration.
Under this contract, Sansera Engineering will leverage its cutting-edge manufacturing capabilities and expertise to produce high-precision components crucial for the Airbus A220 aircraft doors. This partnership highlights the shared dedication to excellence and innovation in aerospace manufacturing.
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Udayant Malhoutra, CEO & Managing Director of Dynamatic Technologies , said, “ We are thrilled to deepen our partnership with Sansera Engineering through this long-term contract. This collaboration showcases our engineering excellence and commitment to providing top-tier aerospace solutions. We eagerly anticipate contributing to the success of the Airbus A220 program.”
Mr. S. Sekhar Vasan, Chairman & Managing Director of Sansera Engineering , stated, “We are honoured to be entrusted with this critical role in the Airbus A220 Door program. Our team is committed to upholding the highest standards of quality and precision with on time delivery, and we are excited to work closely with Dynamatic Technologies to achieve these goals.”
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The Airbus A220 is renowned for its efficiency, performance, and passenger comfort, making it a preferred choice for airlines worldwide. The components manufactured by Sansera Engineering will play a crucial role in maintaining the high standards of quality and reliability associated with the A220.
This contract not only strengthens the bond between Dynamatic Technologies and Sansera Engineering but also highlights the growing importance of Indian manufacturers in the global aerospace supply chain.
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About Sansera Engineering
Sansera embodies a rich legacy of innovation and growth. Since inception in 1981, Sansera demonstrated a dynamic attitude, adapting to the changing market scenario. Our journey in the automotive sector began in 1986, with the production of passenger vehicle components. Over the years, we expanded our scope of work, entering the two-wheeler market in 1992/93. We took our diversification efforts to the next level by venturing into the market for off-road vehicles in 2009, and light commercial vehicles in 2011. Our buoyant journey continued with the establishment of a dedicated facility for aerospace in 2013. With 16 plants in India (Bengaluru, Manesar, Pantnagar, Pune, Balasar, Gujarat and strategic acquisition of Sansera Sweden in 2017 propelled us into the heavy commercial vehicle sector, thereby significantly broadening our international footprint.
An engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors including Aerospace.
We are a technology-driven company with a strong focus on design, engineering, machine building and automation capabilities.
These capabilities enable us to roll out new products in a timely manner and develop higher strength components required for high-end performance and graduate from manufacturing individual parts to the designing and manufacturing of sub-assemblies, thereby moving us up the value chain.
We have grown our precision components manufacturing business organically in India by commencing supplies to the two-wheeler and four-wheeler verticals and further diversified the business, focusing on precision manufacturing for demanding markets in the heavy-duty commercial vehicles and in nonautomotive sectors such as off-road vehicles, agriculture, industrial and Aerospace. For the past 12 years, Sansera has been supplying intricate components to OEMs, Tier-1, and Tier-2 companies in the aerospace industry. Their offerings include parts for cargo systems, actuation systems, seating, lighting, doors, aerostructures, avionics, and landing gear.
Driven by innovating manufacturing, we at Sansera take responsibility to produce quality products that are high value-added and developed using advanced technology. We continually strive towards better business practices with good governance while fulfilling our social commitments for the welfare and betterment of society at large.
For more information, visit https://sansera.in/
Contact Details:
Name : Rajesh Modi Designation : Company Secretary Email : [email protected] Mobile : +91 7338452019
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About Dynamatic Technologies Limited
Dynamatic Technologies Limited, designs and builds highly engineered products for Aerospace, Hydraulic, Metallurgy and Security applications at its state-of-the-art design, engineering and manufacturing facilities in Europe and India. Dynamatic is a demonstrated leader for the development of exacting Airframe Structures and Precision Aerospace Components and partners Agencies of National Importance as well as Global Aerospace Majors.
Dynamatic Technologies designs and builds highly engineered products for automotive, aeronautic, hydraulic and security applications. With futuristic design, engineering and manufacturing facilities in Europe and India, we are able to meet customers' exacting requirements on six continents.
Our facilities which are in India (Bangalore, Chennai, Coimbatore, Nasik), the United Kingdom (Swindon, Bristol) and Germany (Schwarzenberg), are lean, green and clean, and designed to support neighbouring communities as well as the environment.
With three design laboratories in India and Europe, Dynamatic Technologies is a leading private R&D organisation, with numerous inventions and patents to its credit. The company and its subsidiaries employ around 65 scientists and 600 engineers with expertise in mechanical engineering, advanced computer aided engineering, materials & metallurgical engineering, fluid dynamics and defence & aerospace research.
Dynamatic Technologies is vertically integrated, with its own alloy-making and casting capabilities as well as its own captive green energy sources.
For more information, visit https://www.dynamatics.com/
Contact Details
Amarnath M. Harihar
AGM – Corporate Communications
Email: [email protected]
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