Dixon Tech. (India)

** A "long-awaited" approval to Indian electronics manufacturer Dixon Technologies DIXO.NS for a joint venture with China's Vivo adds to growth prospects for FY27 and FY28, UBS says

** Broker, which has a "buy" on the shares with PT at 13,700 rupees, says monthly production volumes potential from JV could be around 1.75 mln units

** JPMorgan ("overweight") says Dixon back to being "high-growth stock"; upgrades PT to 16,700 rupees from 14,300 rupees and rev estimates by 24-39% over FY27-29

** Emkay Global ("buy") ups PT to 15,200 rupees from 12,500 rupees; says approval cements Dixon's dominant position in domestic smartphone manufacturing market and indicates sustained policy support even in complicated cases

** DIXO on avg rated "buy" by 30 analysts; median PT is 12,500 rupees - data compiled by LSEG

** Shares rise 1.7%, up 13% YTD

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

Dixon Technologies has executed a joint venture agreement and a shareholders' agreement with vivo Mobile India to form a 51:49 JV for original equipment manufacturing of smartphones and other electronic devices. The move follows the Indian government's approval under Press Note 3, which vivo received on July 8, 2026, lifting the final regulatory hurdle. The JV company, to be incorporated as a subsidiary of Dixon, will take on part of vivo's OEM orders in India and may also manufacture for other brands. The board will comprise two nominees each from Dixon and vivo. Initial paid-up capital is set at INR 5 crore, with further investments to be based on valuation reports at closing. The transaction, originally unveiled as a term sheet in December 2024, now has binding terms and a completion deadline of up to one year.

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** Shares of Indian electronics manufacturing services providers gain after waiver of duty on some mobile phone components

** India has waived basic customs duty on goods used to make display assemblies and inductor coil modules used in mobile phones for wireless charging

** The move aims to support domestic production, with the customs duty relief remaining in force until March 31, 2029, giving manufacturers time to plan investments and expand local output of these components

** Dixon Technologies (India) DIXO.NS jumps 4.5%, Amber Enterprises India AMBE.NS rises 2.9%, and Syrma SGS Technology SYRM.NS gains 2.9%

** YTD, DIXO up ~12%, AMBE up ~20% and SYRM up ~92%

(Reporting by Vijay Malkar)

(([email protected];))

** Electronic goods maker Dixon Technologies' DIXO.NS shares rise 3.1% to 12,324 rupees, extending gains for a third straight session

** Brokerage Investec says approval of a JV with mobile phone maker Vivo should further add 20 mln in mobile sales volume annually

** Maintains "buy" rating with TP of 14,500 rupees, a 21.3% upside to stock's last close

** "We remain convinced of management's opportunistic and disciplined approach," -- Investec

** Brokerage says co's recent JV with Gemtek positions it to expand its product portfolio and enter the server business

** DIXO trades at forward 12-months PE of 62.41 vs industry median of 23.78

** Nineteen of 30 brokerages rate the stock "buy" or higher; median PT is 12,375 rupees

** YTD, stock up 1.3%

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

Dixon Technologies (India) has entered into a binding term sheet with Taiwan's Gemtek Technology to set up a joint venture in India for manufacturing optical transceivers and bidirectional optical subassembly (BOSA) modules. The venture will be housed in Dixon Electroconnect, currently a wholly owned subsidiary that benefits from the government's Electronics Components Manufacturing Scheme. Under the proposed structure, Dixon will hold a 60% stake and Gemtek 40%. The partnership targets production of small form-factor pluggable (SFP) modules and other telecom equipment, aiming to serve the growing demand from artificial intelligence, cloud computing and hyperscale data centres. Dixon's vice chairman described the move as the company's official entry into the optical connectivity ecosystem, combining its large-scale manufacturing with Gemtek's expertise in high-speed optical and networking technologies. Gemtek, a listed technology company, operates across optical connectivity and broadband solutions. The transaction is subject to definitive agreements and regulatory approvals.

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June 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:

• DIXON TECHNOLOGIES (INDIA) - CO AND GEMTEK ENTER BINDING TERM SHEET FOR JOINT VENTURE

• DIXON TECHNOLOGIES - JOINT VENTURE TO MANUFACTURE OPTICAL TRANSCEIVERS, BOSA, AND TELECOM PRODUCTS

Source text: ID:nBSE2frF28

Further company coverage: DIXO.NS

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April 13 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:

• DIXON TECHNOLOGIES (INDIA) LTD - CLARIFICATION ON MEDIA REPORTS ON LABOUR PROTEST IN NOIDA

• DIXON TECHNOLOGIES (INDIA) - NO MATERIAL IMPACT ON OUR OPERATIONS

Source text: [ID:]

Further company coverage: DIXO.NS

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** Shares of Dixon Technologies DIXO.NS rise ~7% to 10,340 rupees

** A unit of Dixon Technologies was given the nod for making display modules under the electronics component manufacturing scheme

** On Monday, India approved over $750 million in projects under its electronics component manufacturing program

** Under the scheme, the company will receive ~1–4% of its revenues as incentive from the government, depending on incentive slabs, brokerage firm Nomura says

** Stock rated "buy" on average by 30 analysts; median PT 13,250 rupees - data compiled by LSEG

**YTD, stock down about 15%

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

By Tanvi Mehta

NEW DELHI, March 30 (Reuters) - India on Monday approved 29 proposals from various companies under its electronics component manufacturing program, with a total investment of 71.04 billion rupees ($751.21 million), the Electronics and Information Technology Ministry said.

India has launched a series of incentive programs to attract global and domestic investors, expand local manufacturing capacity, reduce import dependence and strengthen supply chains as it looks to improve its electronics manufacturing.

India's electronics manufacturing sector produced goods worth $125 billion in the year to March 2025. The government hopes to increase this to $500 billion by fiscal 2031.

The proposals cover mobile manufacturing, telecom, consumer electronics, automotive and hardware products, according to a statement from the ministry.

A unit of India's Dixon Technologies DIXO.NS was given the nod for making display modules, while Lohum Cleantech secured the approval to manufacture rare-earth permanent magnets.

According to the statement, Lohum's project is India's first for manufacturing rare-earth permanent magnets from rare-earth oxide.

Reuters reported this month that the Indian government is planning fresh incentives for local production of mobile phones with the flagship program for the burgeoning sector expiring in March, citing two sources. The move is expected to boost firms such as Apple and Samsung.

($1 = 94.5680 Indian rupees)

(Reporting by Tanvi Mehta
Editing by Rod Nickel)

(([email protected]))

Repeats Thursday's story with no changes to the text

By Aditya Kalra and Munsif Vengattil

NEW DELHI, March 19 (Reuters) - India's government privately proposed in January that firms like Apple, Samsung and Google consider pre-installing its biometric identification app Aadhaar on phones, a move opposed by a group representing the smartphone giants, industry letters show.

The tussle over preloading state-run apps has become a recurring flashpoint between Prime Minister Narendra Modi's government and tech firms, with the Aadhaar request one of six that Indian IT industry body MAIT has pushed back against, according to the letters.

Aadhaar is a unique 12-digit identity number tied to an individual's fingerprints and iris scans, held by nearly 1.34 billion residents. It is widely used for verification purposes in banking and telecom services, as well as for faster airport entry.

While the government maintains that the system is safe and secure, it has faced persistent criticism from privacy advocates, including for data leaks where personal details of hundreds of millions of holders surfaced on the dark web.

COMPANIES PUSHED BACK AGAINST AADHAAR REQUEST

According to an internal email sent by MAIT on January 13, the government's Aadhaar body UIDAI asked the IT ministry in January to engage Google, Apple, and leading smartphone manufacturers to explore pre-installing the new version of its Aadhaar app.

The request, while not an outright order, drew opposition from companies concerned that pre-installations raise production costs and risks creating functional issues for users, according to the MAIT documents.

Apple AAPL.O and Samsung 005930.KS in particular both had concerns with the proposal due to questions over safety and security, two industry sources said. The companies did not respond to Reuters requests for comment.

UIDAI believed the pre-installation would allow citizens to "readily access essential Aadhaar functionalities without the need for separate downloads" and "enhance its reach and accessibility", according to an email sent from MAIT to its members in January.

MAIT's member companies, however, were of the view that pre-installation "would not drive greater public good", and that such mandates would require companies to maintain separate production lines for India and export markets, one of its January documents showed.

It also argued that no other country apart from Russia mandates pre-installation of government apps on mobile phones.

The new Aadhaar app, launched in January, allows users to update their personal details, manage profiles of their family members, and lock biometric details to prevent misuse.

The pre-installation proposal "shows and evidences a greater amount of government desire of controlling smartphone usage from the very beginning," said Apar Gupta, founder of the Internet Freedom Foundation, a New Delhi-based digital advocacy group.

"It is clearly problematic."

It was not immediately clear whether the proposal is still being pursued by the government or if it was dropped.

In a statement to Reuters, MAIT said its internal communications are confidential, and use of such material in reporting "risks distorting the true context of industry discussions" and is likely to undermine its advocacy efforts.

UIDAI CEO Bhuvnesh Kumar, India's IT ministry, and Google did not respond to requests for comment.

PRE-LOADING APPS ALREADY A POINT OF CONTENTION

In December, New Delhi faced criticism from opposition parties and activists over an order mandating smartphone makers to pre-install a telecom security app, forcing the government to roll back its decision within days.

The letters reviewed by Reuters on the latest proposal show growing discontent among smartphone companies against app pre-installation requests by the Indian government.

MAIT also wrote to Indian IT ministry official Ravinder Kumar Meena on March 10, opposing the government's request for pre-installation of another app, Sachet, a disaster alert service.

Referring to the request to pre-install Aadhaar and five other government apps in the letter, MAIT said that in each instance the industry "has been consistent in its recommendation against pre-installation".

Meena did not respond to a request for comment.

(Reporting by Aditya Kalra and Munsif Vengattil; Editing by Jan Harvey)

(([email protected];))

By Aditya Kalra and Munsif Vengattil

NEW DELHI, March 19 (Reuters) - India's government privately proposed in January that firms like Apple, Samsung and Google consider pre-installing its biometric identification app Aadhaar on phones, a move opposed by a group representing the smartphone giants, industry letters show.

The tussle over preloading state-run apps has become a recurring flashpoint between Prime Minister Narendra Modi's government and tech firms, with the Aadhaar request one of six that Indian IT industry body MAIT has pushed back against, according to the letters.

Aadhaar is a unique 12-digit identity number tied to an individual's fingerprints and iris scans, held by nearly 1.34 billion residents. It is widely used for verification purposes in banking and telecom services, as well as for faster airport entry.

While the government maintains that the system is safe and secure, it has faced persistent criticism from privacy advocates, including for data leaks where personal details of hundreds of millions of holders surfaced on the dark web.

COMPANIES PUSHED BACK AGAINST AADHAAR REQUEST

According to an internal email sent by MAIT on January 13, the government's Aadhaar body UIDAI asked the IT ministry in January to engage Google, Apple, and leading smartphone manufacturers to explore pre-installing the new version of its Aadhaar app.

The request, while not an outright order, drew opposition from companies concerned that pre-installations raise production costs and risks creating functional issues for users, according to the MAIT documents.

Apple AAPL.O and Samsung 005930.KS in particular both had concerns with the proposal due to questions over safety and security, two industry sources said. The companies did not respond to Reuters requests for comment.

UIDAI believed the pre-installation would allow citizens to "readily access essential Aadhaar functionalities without the need for separate downloads" and "enhance its reach and accessibility", according to an email sent from MAIT to its members in January.

MAIT's member companies, however, were of the view that pre-installation "would not drive greater public good", and that such mandates would require companies to maintain separate production lines for India and export markets, one of its January documents showed.

It also argued that no other country apart from Russia mandates pre-installation of government apps on mobile phones.

The new Aadhaar app, launched in January, allows users to update their personal details, manage profiles of their family members, and lock biometric details to prevent misuse.

The pre-installation proposal "shows and evidences a greater amount of government desire of controlling smartphone usage from the very beginning," said Apar Gupta, founder of the Internet Freedom Foundation, a New Delhi-based digital advocacy group.

"It is clearly problematic."

It was not immediately clear whether the proposal is still being pursued by the government or if it was dropped.

In a statement to Reuters, MAIT said its internal communications are confidential, and use of such material in reporting "risks distorting the true context of industry discussions" and is likely to undermine its advocacy efforts.

UIDAI CEO Bhuvnesh Kumar, India's IT ministry, and Google did not respond to requests for comment.

PRE-LOADING APPS ALREADY A POINT OF CONTENTION

In December, New Delhi faced criticism from opposition parties and activists over an order mandating smartphone makers to pre-install a telecom security app, forcing the government to roll back its decision within days.

The letters reviewed by Reuters on the latest proposal show growing discontent among smartphone companies against app pre-installation requests by the Indian government.

MAIT also wrote to Indian IT ministry official Ravinder Kumar Meena on March 10, opposing the government's request for pre-installation of another app, Sachet, a disaster alert service.

Referring to the request to pre-install Aadhaar and five other government apps in the letter, MAIT said that in each instance the industry "has been consistent in its recommendation against pre-installation".

Meena did not respond to a request for comment.

(Reporting by Aditya Kalra and Munsif Vengattil; Editing by Jan Harvey)

(([email protected];))

** Dixon Technologies' DIXO.NS shares down 2% at 10,126 rupees after CLSA flags near-term earnings risk from rising memory prices, availability concerns cloud

** Key customers like Motorola, Transsion, Oppo, Realme have seen 20-68% YoY volume declines, raising concerns about meeting co's FY26 guidance, FY27 growth estimates - CLSA

** Adds, new growth avenues will be crucial for contract electronics manufacturer in medium term

** Says Xiaomi, Transsion, which account for about 40% of Dixon’s volumes, continue to lose market share

** Indian smartphone shipments fell about 25% YoY in January, reflecting weak demand amid rising memory prices - CLSA

** Stock rated "buy" on avg by 30 analysts; median PT 13,250 rupees - data compiled by LSEG

** YTD, stock down 16.3%

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

**Shares of Dixon Technologies DIXO.NS up 4.6% to 10,254 rupees

** DIXO says it got government approval for JV with China's HKC Overseas to manufacture display modules for mobiles, notebooks, automotive displays, TVs, monitors, and industrial displays

** DIXO owns 74% of JV's stake, HKC Overseas owns 26%

**J.P.Morgan ("Overweight", PT: 13,000 rupees) believes this is positive for DIXO as approval was pending for more than 1.5 years

** Says JV would largely be for its own equipment, so won't add much to co's revenues

** Notes approval should pave the way for government approval on DIXO's JV with Vivo

** Stock rated "Buy" on average by 30 analysts; median PT 13,250 rupees - data compiled by LSEG

**YTD, stock down about 15%

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

March 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:

• APPROVAL FROM MEITY FOR INVESTMENT BY HKC OVERSEAS IN DIXON DISPLAY

Source text: ID:nNSE9G8kBR

Further company coverage: DIXO.NS

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March 3 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:

• CO INVESTS 73.9 MILLION RUPEES IN DIXTEL INFOCOM, LONGCHEER INVESTS 26 MILLION RUPEES

Source text: ID:nBSE9GRCtb

Further company coverage: DIXO.NS

(([email protected];))

Jan 29 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:

• DIXON TECHNOLOGIES (INDIA) DEC-QUARTER CONSOL NET PROFIT 2.87 BILLION RUPEES

• DIXON TECHNOLOGIES (INDIA) DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 106.72 BILLION RUPEES

Source text: [ID:]

Further company coverage: DIXO.NS

(([email protected];))

Jan 2 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:

• UNITS GRANTED APPROVAL FOR ELECTRONICS COMPONENT MANUFACTURING

Source text: [ID:]

Further company coverage: DIXO.NS

(([email protected];))

** Dixon Technologies DIXO.NS rises 2.83% to 13,355 rupees

** CLSA maintains "outperform" (12-month is PT 18,800 rupees); stock rated "buy" on avg, median PT is 18,470 rupees, per data compiled by LSEG

** Brokerage says stock corrected 17% over last month on EPS cut concerns

** Adds co awaiting approvals for Vivo smartphone JV; yet to get nod for components facilities under Indian government's electronics manufacturing scheme

** Notes medium-term growth prospects also unclear as smartphone market share in India saturated

** Says stock's valuation of 44x as of September 27 "undemanding"; prices in all concerns

** DIXO falls 26% this year, as of last close

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

** Shares of electronics components manufacturer Dixon Technologies DIXO.NS fall 3% to 15,713 rupees

** Stock extends falls after dropping nearly 4% on Monday

** Co reports profit after tax of 6.70 billion rupees ($76.2 million), up 71% yoy

** However, cuts its FY27 mobile phone volume guidance to 55-60 mln units from 60–65 mln units previously

** Mobile phone and electronic manufacturing services segment accounts for 90% of its revenue

** Co missed Street's PAT estimates by 13% due to increase in minority interest in its Ismartu and Bharti subsidiary - Phillip Capital

** Adds, achieving volume guidance seems tricky given that festive season is over and H2 is generally weak

** Stock rated "Buy" on average; median PT at 18,470 rupees - data compiled by LSEG

** YTD, DIXO down 12%

($1 = 87.8950 Indian rupees)

(Reporting by Komal Salecha)

(([email protected];))

** UBS raises rating on India's Dixon Technologies DIXO.NS to "buy" from "neutral" earlier, hikes price target to Street high of 23,000 rupees ($259.39) from 13,000 rupees

** New PT reflects a ~27% upside on last close

** DIXO shares rose as much as 1.7% to 18,471 rupees, hitting their highest level since early January

** UBS says co's backward integration into non-semiconductor smartphone components will likely aid 110-basis-point improvement in EBITDA margins by FY28

** Expects co to deliver $11 billion revenue by FY28; sees components' expansion, steady exports, new verticals as strong growth prospects beyond FY28

** Brokerage says co's pace of inorganic growth, based on recent JVs, underscores DIXO's ability to unlock new growth drivers

** Estimates FY25-28 revenue CAGR of 36% and PAT CAGR of 46%

** Stock rated "buy" on avg, median PT at 18,311 rupees - data compiled by LSEG

** YTD, DIXO up ~2%

($1 = 88.6700 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Dixon Technologies DIXO.NS rise 0.5% to 17,852 rupees

** Macquarie initiates coverage with "outperform" rating; sets PT at 20,000 rupees, implying a 12.6% upside to last close

** Brokerage cites Dixon's dominance in smartphone manufacturing and its emerging component business as key growth drivers

** Notes global supply-chain realignment is creating new opportunities for the co

** Sees room to expand free cash flow margins from 1% in FY25 to 4% by FY30, supporting long-term ROCE improvement

** Dixon rated "buy" by 29 analysts on average; median target price is 18,235.5 rupees – data compiled by LSEG

** Stock down 0.5% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

** Shares of Dixon technologies DIXO.NS rise 2.5% to 16,223 rupees

**Top pct gainer on Nifty Midcap 50 index .NIMDCP50, which is up 0.1%

** CLSA expects new acquisitions and JVs to boost value addition in smartphones, drive growth; margin expansion of 150–200 bps, with additional revenue streams from external sales

** Maintains "high conviction outperform" rating with PT at 15,800 rupees

** DIXO rated "buy" by 29 analysts on avg; median PT at 17,552 rupees - data compiled by LSEG

** YTD, stock down 9.5%, NIMDCP50 up 5%

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

July 15 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:

• ENTERS BINDING TERM SHEET WITH CHONGQING YUHAI PRECISION MANUFACTURING CO

• JV TO MANUFACTURE PRECISION COMPONENTS FOR LAPTOPS AND MOBILES

Source text: ID:nBSE9bpQjw

Further company coverage: DIXO.NS

(([email protected];;))

** Electronics manufacturer Dixon Technologies DIXO.NS rises as much as 3% to 15,668 rupees; last up 1.2%

** Batlivala & Karani Securities initiates stock coverage with "buy", sets PT at 18,946 rupees, implying a ~23% upside to current price

** Brokerage says, co has evolved from a traditional electronics services provider to a backward integrated, export oriented manufacturer, that is backed by structural tail winds such as India's manufacturing goals and the China plus one strategy

** Adds, continued scale up of mobile and IT hardware segments as well as exports should help DIXO post revenue and profit after tax CAGR of 42% and 69% respectively over FY25-27E

** Points out room for expansion given its current market share of 12%-14% in electronic manufacturing services (EMS)

** Stock rated 'buy' on avg by 28 analysts; median PT at 17,552 rupees

** DIXO down 14.2% YTD

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

** Electronics manufacturer Dixon Technologies DIXO.NS falls 3% to 14,035 rupees, steepest intraday drop since May 21

** Morgan Stanley downgrades to "underweight"; sets PT at 11,563 rupees, implying nearly 23% downside from last close

** MS cites rising competition in core electronics manufacturing services (EMS) segment

** MS forecasts core EMS earnings to slow 46% in FY25-FY27 and 18% in FY27-FY30

** Adds, post expiry of production-linked incentives in FY26, clients may shift to cheaper EMS rivals

** DIXO rated "hold" by 27 analysts on avg; median PT at 17,473 rupees - data compiled by LSEG

** Stock down 19% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected];))

** Shares of Dixon Technologies DIXO.NS rise as much as 4.46% to 14,954 rupees, their highest since June 11

** Multiple brokerages reiterate positive view on the electronics manufacturer's growth and earnings outlook over fiscal 2026 and 2027 after meeting with the management

** Nomura reiterates "Buy" and says DIXO is ahead of peers in diversifying its customer base

** Kotak Institutional Equities reiterates "Add", sees gains from increasing domestic smartphone volumes, a high export mix, and ramp-up in new tie-ups

** The average rating of 27 analysts tracking DIXO is "Hold"; the median price target is 17,473.50 rupees, according to data compiled by LSEG

** DIXO shares are down 20.2% in 2025 so far, underperforming the 4.3% rise in the mid-cap 100 index .NIFMDCP100, according to exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Corrects share price to 14,152 rupees from 372 rupees in bullet 1

** Dixon Technologies DIXO.NS falls 2.6% to 14,152 rupees

** PhillipCapital says Motorola MSI.N, co's largest client, outsourcing domestic volumes to rival Karbonn in 2025 a risk to domestic business

** Maintains "sell", cuts PT to 9,085 rupees from 11,077 rupees

** Says Motorola's reliance on Indian manufacturers DIXO and Karbonn raises concerns over potential export risks for DIXO, given Motorola's ties to China

** Cuts FY27 revenue and profit estimates by 4% and 9%, respectively, taking into account competition

** Stock rated "hold" on avg; median PT is 17,473.50 rupees, per data compiled by LSEG

** YTD, DIXO loses 21%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of Dixon Technologies DIXO.NS jump 6% to 16,098 rupees

** Electronic manufacturing services (EMS) provider's unit Padget Electronics enters into a contract manufacturing agreement with Nxtcell India

** Under the agreement, Dixon and Nxtcell will make smartphones for the French tech brand Alcatel in the Indian market

** The average rating of 24 analysts tracking DIXO is "buy", the median target price is 16,500 rupees - data compiled by LSEG

** DIXO shares are down 15.3% in 2025 so far, underperforming the Nifty midcap 100 index .NIFMDCP100 which is down about 4%, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

May 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:

• HAS ENTERED INTO CONTRACT MANUFACTURING AGREEMENT WITH NXTCELL INDIA

• TO MANUFACTURE SMARTPHONES FOR FRENCH TECH BRAND ALCATEL

Source text: ID:nBSExggmL

Further company coverage: DIXO.NS

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