Dividend declared by OTIS elevator (India)

Otis elevator (India) limited which  operates as a subsidiary of United Technologies Corporation has declared dividend of Rs 135/share.Otis elevator (India) limited manufactures, Erects, Installs, Modernizes and maintain elevators, escalators, and moving walkways primarily in India. 

The company has been progressing well. They have manufacturing facilities in Bangalore. They have just launched a Gen2 life in the mid rise segment.The new product has shown good results among customers with some significant early wins.