Advait Infratech executes licensing agreement with CSIR

13 Nov 2020 Evaluate

Advait Infratech has executed licensing agreement on November 12, 2020 with Council of Scientific and Industrial Research (CSIR), New Dehli for transfer of CSIR-SERC technology on ‘Emergency Retrieval System’.

In consideration of payment of Rs 30 lakh, the Licence for use of Knowhow and the process to manufacture the Articles provided, Royalty of 5% on ex-factory sale price of the ERS Module/ Structure every year, Royalty of 10% on ex-factory sale price of the ERS Module/Structure for utilization of knowhow for exported article only. 

The company is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.

Advait Infratech Share Price

1452.15 -76.40 (-5.00%)
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