Lokesh Machines rises 13% on tie-up with EMCO GmbH

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26 Aug, 2025 12:21

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Moneycontrol BureauShares of Lokesh Machines rose 13.5 percent intraday Friday as it has entered in to an agreement with EMCO Gmbh.The company has entered into an agreement with EMCO Gmbh for manufacturing and selling their machines in India.The company will shortly start manufacturing the next generation multitasking machines for Indian market as well as re-export.The machines will be assembled at the new manufacturing facility at Kallakal, Hyderabad.This technology tie-up would help the company to expand the customer based beyond the traditional automotive OEM’s tier-I & tier-II and offer specialized manufacturing solutions to a host of manufacturers.At 11:24 hrs Lokesh Machines was quoting at Rs 77.20, up Rs 5.40, or 7.52 percent on the BSE.Posted by Rakesh Patil