Sansera Engineering Wins Rs 160 Crore Contract From Airbus Defence
The contract is for the supply of Airborne Intensive Care Transport Module for light and medium transport aircraft programs.
Sansera Engineering Ltd. on Wednesday bagged a contract worth Rs 160 crore from Airbus Defence and Space, according to an exchange filing from the firm.
The contract is for the supply of Airborne Intensive Care Transport Module for light and medium transport aircraft programs. The order was deemed 'international'. The company signed a long term contract.
The first shipment will be delivered before the end of 2026 and further delivery will be as per Airbus' Delivery Schedule.
Shares of Sansera Engineering closed 1.21% lower at Rs 1,349.10 apiece on the NSE, compared to a 0.32% rise in the benchmark Nifty. The stock had risen 37.52% in the last 12 months and fallen 9.45% on a year-to-date basis.
Out of thirteen analysts tracking the company, eleven have a 'buy' rating on the stock, and two recommend a 'hold', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 14.2%.
