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Dixon Technologies India starts manufacturing of CCTVs and DVRs

Dixon Technologies, a consumer electronics and lighting product manufacturer for worldwide and Indian brands, raised Rs 600 crore however starting open offer (IPO), which got huge reaction, over-subsribed in by 118 times.

The organization said it is hopeful in regards to the execution in the expected quarters on back of new client increases over the most recent couple of months, new business of CCTV’s and DVR’s at Tirupati facility & the investments in projects with backward integration.

The stock had hit a 52-week high of Rs 4,490.85 on 26 December 2017. The stock had hit a 52-week low of Rs 2,510 on 25 September 2017.

Afflict Dixon Technologies, a joint wander organization of Dixon Technologies (India), initiated assembling of closed-circuit televisions (CCTV) and advanced video recorders (DVR) on 2 January, 2018. The items will be produced at organization’s assembling manufacturing facility arranged at Tirupati, India.

The organization had gone into joint wander concurrence on 8 May 2017 with Aditya Infotech and AIL Dixon Technologies.

Offers of the organization had made introduction on the bourses on 18 September 2017.

Dixon Technologies’ consolidated net profit rose 18.34% to Rs 50.38 crore on 76.81% rise in net sales to Rs 2456.76 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.

Dixon Technologies (India) is the home developed plan centered and arrangements organization occupied with assembling items in the consumer durables, lighting and mobile phones markets in India.

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