Sansera Engineering on Monday said that it entered into a long-term contract with Airbus Defence and Space for the manufacture, supply, and support of the Airborne Intensive Care Transport Module (ICTM). The deal is valued at approximately Rs 1,60 crore (USD 18.8 million).
Under the agreement, Sansera will handle precision machining and structural assembly of the ICTM units for Airbus’s light and medium transport aircraft programs.
S Sekhar Vasan, Chairman and MD of Sansera Engineering, said that this partnership with Airbus is a significant milestone for Sansera. It reflects our long-standing commitment to innovation, autumn ation, and quality in precision manufacturing. It also supports the Government of India’s ‘Make in India’ initiative by enhancing domestic aerospace manufacturing capabilities.”
The ICTM is a specialised airborne medical evacuation system designed to transport patients. This marks the first time Airbus has selected an Indian supplier for the manufacturing of the ICTM kit.
Sansera Engieering Stock Update
On Tuesday, shares of Sansera Engineering ended over 1 per cent higher at Rs 1,360, apiece on the NSE.
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