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March 28, 2024

Vitzro Cell bags W9.7b order from India

PUBLISHED : July 16, 2018 - 11:34

UPDATED : July 16, 2018 - 11:34

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[DISCLOSURE] Vitzro Cell (082920) announced on July 16 that it has signed a 9.7 billion won (US$8.59 million) contract with India’s Bharat Electronics to supply medium-sized ample batteries for Indian Army. 

This amounts to 38.62 percent of its revenue in the latter half of 2017 and the contract is valid until Oct. 31, 2019.  

By Hwang You-mee (glamazon@heraldcorp.com)

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