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| Exchange Disseminated Time | Onward Technologies Ltd has informed BSE that:
"An article about the Company has appeared in some newspapers.
The article mentions “Onward Technologies plans to scale up Operations”
Mechanical engineering design and IT consulting services, Onward Technologies Ltd. (OIL), plans to scale up its domestic and global operations. The Company is hiring 350 Mechanical Engineers for its global engineering design services division in FY2011-12. The Company has already hired 150 engineers this financial year in Pune.
We are expanding our reach in automotive, aerospace, consumer products, construction and heavy machinery verticals for which we require to build on our talented pool of resources. We have already grown to over 1,500 employees globally servicing Fortune 1000 Companies. The new hiring will help us to grow at the rate of 20 percent CAGR per annum, for next couple of years.
The Company has been on expansion mode over the past few months. It recently built its own thermal chamber in Hadapsar facility for performance testing and product optimization. At present the EPS is Rs. 3.76 which is expected to go up by Rs. 5 by March end." |
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