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(BARC) operates under the Department of Atomic Energy (DAE), Government of India. The said agreement includes transfer of technology of Multi Effect Distillation with Thermo Vapour Compression (MEDTVC) Desalination Technology.
The licensee shall utilize the Asset /Technology for manufacturing & fabrication of Multi Effect Distillation with Thermo Vapour Compression (MED-TVC) Desalination Technology in India and selling the same in India or abroad. The license is valid for five years from the date of commencement of the agreement
Further, this technology tie-up would assist the company on a long-term basis as it helps in further diversification of the order book.
Lloyds Steels Industries is principally engaged in Design, Engineering, Manufacturing, Fabrication, Supply, Erection and Commissioning of all types of Mechanical, Hydraulic, Structural, Process Plants, Metallurgical, Chemical Plants Equipments including Marine Loading/Unloading Arms, Truck/Wagon Loading/Unloading Arms, Columns, Pressure Vessels, Dryers, Boilers, Power Plant, Steel Plant Equipments, Capital Equipments and execution of Turnkey and EPC Projects.
The company's standalone net profit rose 2.1% to Rs 12.84 crore in Q1 FY24 as compared with Rs 12.58 crore in Q1 FY23. Net sales jumped 122.8% year on year to Rs 113.12 crore in Q1 FY24 over Q1 FY23.
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