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Cerebra Integrated Technologies gains on signing MoU with E-Waste Systems

Cerebra Integrated Technologies Ltd. | Trading | Miscellaneous | BSE: 532413 | NSE: CEREBRAINT

08 Oct 2013 Evaluate

Cerebra Integrated Technologies is currently trading at Rs. 9.28, up by 1.54 points or 19.90% from its previous closing of Rs. 7.74 on the BSE.

The scrip opened at Rs. 7.99 and has touched a high and low of Rs. 9.28 and Rs. 7.77 respectively. So far 31581 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.35 on 09-Oct-2012 and a 52 week low of Rs. 7.25 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 8.40 and Rs. 7.37 respectively. The current market cap of the company is Rs. 44 crore.

The promoters holding in the company stood at 7.16% while Non-Institutions 92.84%.

Cerebra Integrated Technologies, India's leading total IT Solutions provider, based out of Bangalore, has signed an MoU with E-Waste Systems Inc, a UK Head Quartered company for setting up of its Bangalore E-Waste facility. This partnership will be a game changer for Cerebra and serves as a strategic launch pad for Cerebra's and EWSI's vision to be global leaders in offering economic & environmental solutions for Waste Electrical & Electronic Equipment (WEEE). EWSI will bring in its proprietary engineering and technologies that can extract maximum value from end-of-life assets. This tie-up will be exclusive for India and also for other Geo's as mutually agreed upon.

Cerebra is in the process of setting up this recycling facility in Narsapura, Bangalore which is growing to be one of the largest and fastest growing Industrial zones. The Company has acquired 12 acres of land for this purpose and will kick start the implementation of this project soon. The Company will invest required amounts for the proposed project of setting up one of India's largest E-Waste Recycling Plants. Through the new plant and alliance, Cerebra will be better equipped to recycle E-Waste in domestic and will get an entry in international market, through EWSI's global network and clientele.

EWSI through this strategic alliance will get an entry into Indian E-Waste industry. The UK head Quartered Company will leverage Cerebra's strong domestic network and infrastructure to cater its existing Indian clients and will be poised well to generate more business opportunities in India.

Cerebra Integrated Technologies commenced its business in 1992 with the Hardware sector and later expanded to provide software services, IT training and consulting, and today offers Total IT Solutions comprising LPO, BPO and KPO services.

Cerebra Integ. Tech Share Price

4.93 -0.22 (-4.27%)

20-Apr-2026 16:59 View Price Chart

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Cerebra Integrated Technologies gains on signing MoU with E-Waste Systems

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