Symphony shines on launching first air cooler for industrial & commercial applications

The world’s largest manufacturer of air coolers, Symphony Ltd informed on Monday after the market hours that it has launched universal packaged air coolers for industrial and commercial applications.

The company’s objective behind this move is to increase manufacturing in India which will have four parameters at its core-design, quality, aesthetics, and performance.

The major feature of this product is the flexibility offered during the installation and also, its ability to consume 90 per cent less power than air conditioners.

In the ‘Universal packaged air coolers’, the same machine can be flexibly used for either top or bottom discharge with the benefit of two different SKUs from the same model.

The share of Symphony closed at Rs 943.55 on BSE, up by 3.60 per cent. According to BSE data, the stock traded at a P/E multiple of 39.57 and a price-to-book ratio of 9.82.