Vama Industries wins Rs 46 crore ISRO order

Vama Industries has won an order from Indian Space Research Organization (ISRO), to implement the “Bhuvan Scale-Up Infrastructure Site Setup" at NRSC, Hyderabad. The project is on turnkey basis, aggregating to Rs. 46.16 crore.

The company stock hit a new 52 week high today on the news. Vama had seen a net income of Rs. 10.04 crore for the September quarter in FY17, a marginal decline from Rs. 10.08 crore in the same quarter last year.