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AXISCADES to open engg development unit in Hyderabad

By Religare

AXISCADES Engineering Technologies said that it is opening a new engineering development centre for Siemens Wind Power in Hyderabad.

"AXISCADES will be inaugurating its new engineering offshore development centre, for Siemens Wind Power, in Hyderabad on September 24," the company said in a filing to the Bombay Stock Exchange.

The company provides engineering services to aerospace, heavy engineering, automotive and industrial products sectors.

In the quarter ended June, AXISCADES reported a profit of Rs 6.2 crore (against Rs 3.7 crore Y-o-Y) on revenue of Rs 86.13 crore (against Rs 71.8 crore Y-o-Y).


Meanwhile, shares of the company were trading at Rs 259.60 a piece, up 0.46 per cent from the previous close at 15:00 hours on BSE.

Story first published: Tuesday, September 22, 2015, 23:00 [IST]
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