Shares of Tata Elxsi surged by 2% after the company partnered with Dräger to advance critical care innovation in India.
Tata Elxsi and Dräger, a global leader in medical and safety technology, announced their collaboration, aiming to enhance critical care innovation in India.
As part of this collaboration, Dräger is expanding its research and development presence by establishing a new Offshore Development Center (ODC) at Tata Elxsi’s facility in Pune.
The development center will bring together talent from both organizations, dedicated to designing and developing innovative critical care medical devices for deployment in the Operation Theatre (OT) environment worldwide.
This central hub will oversee all aspects of critical care product development, from conceptualization to product design, prototyping, and testing, according to a statement from the Tata Group firm.
As of 12:28 pm, the shares were trading 2% higher at ₹7,827.95 on the NSE.
