Dynamatic Technologies Ltd, the engineering products manufacturer, said it started deliveries of first set of air frame structures for India's largest defense program, Sukhoi-30 MKI fighter bomber, from its new facility in Nasik.
The company recently commenced the transfer of assembly work of air frame structures for the Sukhoi-30 MKI fighter bomber from its production facilities in Bengaluru to a new facility provided by Hindustan Aeronautics Ltd (HAL) at Nasik.
The assembly transfer, which is expected to be complete by August 2010, will enable Dynamatic to offer greater production support to HAL due to its strategic location at the customer's doorstep, it said in a regulatory filing.
The space freed at Dynamatic's aerospace production facilities in Bengaluru, by the assembly transfer, will be utilised by the company for its export initiatives.
On Wednesday, Dynamatic shares ended 1.4% up at Rs1,009, while the benchmark Sensex closed at 0.3% up at 17,462 points.
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