Dynamatic Technologies

Dynamatic Technologies acquires UK based aeronautic co

Dynamatic Technologies has made announcement that the company has take over a UK-based aeronautic conglomerate, manufacturing highly engineered components and toolings.

Acording to the sources, the said conglomerate has been in the business for the previous 35 fiscals, and specializes in complex 5-Axis machining. 

The acquisition was made for a total consideration of around US$ 16 million.

Dynamatic Technologies picks 12 MW wind farm from Tamilnadu Petroproducts

Dynamatic Technologies Ltd has revealed that the company has acquired a 12 mega watt Wind Farm at Coimbatore from Tamilnadu Petroproducts Ltd.

The Wind Farm will produce around 18 million units of Power annually.

According to the sources, this acquisition will allow Dynamatic to attain 85% reduction in monthly energy costs at its Chennai complex and fight energy-price inflation in future.

Dynamatic Technologies Board Meeting On Jan 22, 2008

Dynamatic Technologies Ltd. has informed the Exchange that a meeting of the company’s directors will be held on Jan. 22, 2008 to consider payment of interim dividend for the year 2007-08.

The board at the same meeting shall also consider un-audited financial results for the quarter ended Dec. 31, 2007.

The company has fixed Jan. 28, 2008 as the record date for the purpose of payment of interim dividend.