MRO-TEK

The surge in MRO-Tek share price came after the company announced that it has secured a land parcel in Candolim, North Goa, marking a major step in its strategic expansion into the real estate sector

The MRO firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007

Bengaluru, Sept 29:MRO-TEK Realty Ltd, a telecommunications and network product company has joined with Everest, a local software firm that builds network management solution and competes with IBM and HP, to offer it telecom firms globally to manage their networks. Both Bengaluru-based firms are positioning the solution as an affordable alternative to large US firms and a reliable one that ensures control of their network built by Chinese firms having won contracts offering cut price rates. Everest's solution referred as a manager of manager helps telcos monitor and analyse the usage of all devices in a network""Dumped copy cat Chinese products do not have good software. We are very good at it," said Sudipto Gupta, Chief Executive Officer of MRO-TEK in an interview. Both firms have won a multi-year multi-crore contract from Summit Communications, Bangladesh's fastest growing optic al fibre network service provider, which MRO-TEK hopes will be a case study for the companies to target .

The stock is currently trading at its 52-week high of Rs 83.25, zooming 73% from Rs 48.10