Taneja Aerospace enters into MRO Facility Agreement with AWACS

Thebullishtrends: Tanje Aero shares are trading at Rs.241(+8.53%). Taneja Aerospace & Aviation Ltd has entered into a MRO Facility Agreement with Air Works Commercial MRO Services Pvt Ltd (AWACS) wherein the Company would be licensing 7 acres of land and upto 5 hanger space on a long term basis which is a step towards the Company's strategy to develop its private air field as a MRO and Aviation park.Initially the Company would be licensing 2 hanger space which would result in cash inflow of around Rs 7.50 Crore per annum.