HCL Infosystems outsources manufacturing facility to Astra
Feb 25 2013 , New Delhi
Through this partnership, Astra will supply products manufactured in the Ambattur facility to HCL for its internal requirements as well as to HCL's customers, HCL said in a statement.
"The partnership will enable both HCL and Astra to focus on their respective core competencies," it added.
The manufacturing facility specialises in networking racks, specialised custom designed sheet metal enclosures, ticketing and self service kiosks and subsystems for medical and aerospace products.
"Through this partnership with Astra, our customers will get the best of both HCL's strengths in design and service and Astra's manufacturing prowess," HCL Infosystems CEO and Whole Time Director Harsh Chitale said.
Astra is engaged in the business of manufacturing precision assemblies for medical and engineering industries.
"We look forward to our association with HCL where we will bring our manufacturing capabilities to leverage HCL's product design and customer specific solutions design. We intend to have a pan-India presence through this venture," Astra Global Managing Director Satish Shinde said.
Shares of HCL Infosystems closed 1.74 per cent down at Rs 33.85 apiece on BSE.