Australia's Sprintex rises on three-year expansion deal in India

Sprintex

16/12/2024 02:37

** Shares of Sprintex  SIX.AX  rise 4% to A$0.052, set for
their best session since Dec 9, if gains hold 
    ** The clean-air compressor manufacturer signs a three-year
distributorship agreement with India-based pvt firm Euroteck
Environmental for exclusive distribution of its G Series turbo
blowers
    ** Euroteck has committed ~$4.6 mln towards the agreement
    ** Co has secured its first order worth $91,750
    ** Stock up 300% YTD, including current session's moves

    

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))