Dixon Technologies shares in focus on signing MoU with Cellecor for refrigerator manufacturing

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Shares of Dixon Technologies will remain in focus on Friday as the company’s wholly-owned subsidiary Dixon Electro Manufacturing entered into an MOU with Cellecor Gadgets for the manufacturing of refrigerators and other components for the latter.

“Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform that Dixon Electro Manufacturing Private Limited, Wholly Owned Subsidiary of Dixon Technologies (India) Limited has entered into an MOU with Cellecor Gadgets Limited (“Cellecor”) for manufacturing of Refrigerators and its related components for Cellecor,” said the company’s filing to the stock exchanges.


Cellecor is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. The company offers a diverse range of products encompassing mobile phones, smart TVs, soundbars, smartwatches, kitchen appliances and home appliances.

“We are delighted to announce that Dixon Electro Manufacturing has entered into an MOU with Cellecor for the manufacturing of Refrigerators and its related components. By this partnership, Dixon Electro Manufacturing will increase its customer base in the Refrigerator segment. Further, this partnership represents a strategic milestone and commitment to the ‘Make in India’ initiative and to cater to the evolving needs of Indian consumers,” said Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies while commenting on the occasion.


Also read: Mamata Machinery Share Price Live: Mamata Machinery Limited IPO to debut on D-Street today. Check GMP, Other Details

Dixon Technologies is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.

Dixon Technologies shares have given whopping returns of 179% in the last one year and on a year-to-date basis. In the last 6 months, the stock has surged 58% while increasing by 27.75% in the last 3 months.

Shares of Dixon Technologies closed 0.6% higher at Rs 1,810.25 on the BSE on Thursday.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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