Honeywell Automation gains on securing contract to provide AGL system for Noida International Airport
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Honeywell Automation India is currently trading at Rs. 50238.95, up by 292.65 points or 0.59% from its previous closing of Rs. 49946.30 on the BSE.
The scrip opened at Rs. 50429.95 and has touched a high and low of Rs. 50687.15 and Rs. 49769.90 respectively. So far 86 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 59700.00 on 26-Jun-2024 and a 52 week low of Rs. 34990.00 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 50687.15 and Rs. 48400.40 respectively. The current market cap of the company is Rs. 44004.17 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.12% and 9.87% respectively.
Honeywell Automation India has secured a contract to provide its Airfield Ground Lighting (AGL) system for the Noida International Airport (NIA). These systems will provide visual guidance to aircraft, increasing safety and streamlining operations across the tarmac.
Honeywell’s visual aids will play a crucial role in helping aircraft maneuver the tarmac in difficult weather conditions and will support landing and on-ramp safety. Honeywell’s advanced AGL uses ‘intelligent lighting’ technology, which makes the ground taxi process easier for pilots. AGL will also help pilots improve their own situational awareness by automatically switching lights on and off based on information shared by aircraft surveillance and tracking systems with tower controllers.
Honeywell Automation India (HAIL) is a leader in providing integrated automation and software solutions, including process solutions and building solutions.
