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Geometric rises on partnering with Godrej’s PED to modernize their processes

06 Jun 2014

Geometric is currently trading at Rs. 141.15, up by 1.15 points or 0.82% from its previous closing of Rs. 140.00 on the BSE.

The scrip opened at Rs. 141.25 and has touched a high and low of Rs. 145.00 and Rs. 140.10 respectively. So far 47697 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 155.25 on 28-May-2014 and a 52 week low of Rs. 61.40 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 151.75 and Rs. 138.10 respectively. The current market cap of the company is Rs. 903.44 crore.

The promoters holding in the company stood at 38.90% while Institutions and Non-Institutions held 4.68% and 56.42% respectively.

Geometric, a leader in advanced manufacturing software has partnered with Godrej’s Process Equipment Division (PED) in effort to modernize their processes. Godrej’s PED has seen quantum improvements in machining processes, through usage of Geometric’s solids-based CNC programming solution, CAMWorks.

Godrej PED, part of Godrej and Boyce Manufacturing Company, manufactures custom-built and critical equipment for the process industry. The company has embarked on a modernization drive to fulfill customer demands for faster deliveries, while improving process efficiency and quality. One of the key products that Godrej PED manufactures is pressure vessels.

CAMWorks addressed this need, by using Automatic Feature Recognition (AFR) to consistently define features and mapping them to an intelligent knowledge database, TechDB, to determine the machining processes. With these two technologies as the backbone, CAMWorks has been able to provide cost effective and simple-to-use software to Godrej PED with its advanced 3-Axis module to create the machining program for the WEP of nozzles and their cutouts.

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SEBI Registered: Investment Adviser - INA000013323