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Arcedo Systems is a premier provider of integrated renewable energy solutions. As part of this MoU, Arcedo will design, engineer, install, and maintain the solar power plant. The project will operate under a long-term power purchase agreement (PPA), where Cyient DLM will procure solar power generated at the facility. Anthony Montalbano, CEO, Cyient DLM, stated, At Cyient DLM, sustainability is a core pillar of our operational strategy and a key driver of our commitment to creating a positive impact on the environment. This MoU with Arcedo Systems to establish this solar power plant is a significant step forward towards our commitment in reducing our carbon footprint and embracing renewable energy solutions.' Cyient DLM, a subsidiary of Cyient, is one of the leading integrated electronic manufacturing services (EMS) and solutions providers with capabilities across the value chain and the entire life cycle of a product. The company reported consolidated net profit of Rs 15.50 crore in Q2 FY25, up 5.44% as against Rs 15.50 crore posted in Q2 FY24. Revenue from operation was at Rs 389.40 crore in Q2 FY25, registering a growth of 33.44% year on year. The scrip fell 1.69% to currently trade at Rs 698.60 on the BSE. Powered by Capital Market - Live News |