Cyient Partners with Deutsche Aircraft for D328eco’s Rear Fuselage Design

Cyient, a global Intelligent Engineering, and Technology Solutions company, has announced a strategic partnership with Deutsche Aircraft, a German original equipment manufacturer (OEM) located in Weßling, close to Munich. Within the scope of this partnership, the companies will collaborate on the detailed design for manufacturing (DFM) of the rear fuselage section for the 40-seater D328eco regional turboprop aircraft.

Crafted for operation along regional routes, the D328eco stands as a highly fuel-efficient aircraft, representing an enhanced iteration of the Dornier 328 series. With its augmented passenger capacity, the aircraft necessitates tailored structural enhancements. Anticipated to transform regional air travel, the D328eco is poised to set a new standard in aviation, distinguished by its advanced features, unparalleled versatility, and operational adaptability even in the most demanding environments, facilitating connectivity between regions and individuals.

Management Commentary

“We are excited about our collaboration with Deutsche Aircraft to support the development of the D328eco aircraft. This partnership underscores Cyient’s commitment to delivering innovative engineering solutions in the aerospace sector. Our expertise in the aircraft design and development life cycle will play a crucial role in developing the D328eco. Together, we look forward to driving advancements in aviation technology and contributing to the success of this transformative project,” said Karthikeyan Natarajan, Executive Director and CEO of Cyient.

Share Performance

At the start of the day’s trading session, the stock opened at Rs 1951.05 per share, compared to the previous day’s closing figure of Rs 1943.60 per share on the BSE. Eventually, the shares concluded the day at Rs 1940.80 per share on the BSE, representing a decline of a mere Rs 2.80 or 0.14%. During the intraday session, the stock hit intraday highs and lows of Rs 1960.05 and Rs 1930, respectively.

The company’s current market capitalisation stands at Rs 21,510 crore, and the stock has generated a return of around 92% in the past year and a remarkable return of around 200% in the past three years.

Investors must keep this stock on their radar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.