General Updates
Execution of binding term sheet for joint venture between Dixon Technologies, Gemtek Technology, and Dixon Electroconnect. Dixon to hold 60% and Gemtek 40% in Dixon Electroconnect. JV to manufacture optical transceivers, BOSA, and telecom products in India. Subject to definitive agreements and regulatory approvals. JV aligns with Make in India and Electronics Components Manufacturing Scheme. Partnership targets growing demand in AI, cloud, data centers, and next-gen optical communication.
Source: Original filing PDF
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PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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