Leading Battery Manufacturer in India Invests Rs 100 Crore in Clean Energy Subsidiary
Leading Battery Manufacturer in India Invests Rs 100 Crore in Clean Energy Subsidiary

Leading Battery Manufacturer in India Invests Rs 100 Crore in Clean Energy Subsidiary

The investment is part of a rights issue in which EESL has allotted 2,77,77,777 equity shares of Rs 10 each, at a premium of Rs 26 per share, totaling Rs 99.99 crore.

Manoj Reddy Sama Article rating: 3.7

The funds raised through this investment will be used to support EESL’s greenfield project in Bengaluru, where the subsidiary is setting up a manufacturing plant for lithium-ion battery cells, modules, and packs

1,20,000 MT capacity: This auto company announces plans for green energy facility in Maharashtra
1,20,000 MT capacity: This auto company announces plans for green energy facility in Maharashtra

1,20,000 MT capacity: This auto company announces plans for green energy facility in Maharashtra

The stock has been on a tear in recent months, gaining 40 per cent in the past 6 months and 67 per cent in the past year.

Kiran Shroff Article rating: 3.3

In the quarterly results (Q1) ended June 30, 2023, the net sales increased by 6 per cent to Rs 4,245 crore, the operating profit increased by 13 per cent to Rs 438 crore and the net profit increased by 11 per cent to Rs 224 crore in Q1FY24 over Q1FY23.

Overnight Digest: Stocks to keep an eye on March 11
Overnight Digest: Stocks to keep an eye on March 11

Overnight Digest: Stocks to keep an eye on March 11

HUL, Tata Steel, Grasim Industries, JSW Steel and SBI were among the top Nifty gainers. On the other hand, Coal India, Tech Mahindra, Dr Reddy's Labs, ONGC and TCS were the biggest losers.

Shreya Chaware Article rating: 4.4

On Thursday, the domestic benchmark indices ended higher for a third straight day as the Bharatiya Janata Party (BJP) was on the verge to win four of the five key state elections. A rally was seen across the markets with FMCG, public sector banks, and realty sectors shining on the front. 

Exide enters into multi-year technical collaboration with SVOLT for lithium-ion cell manufacturing
Exide enters into multi-year technical collaboration with SVOLT for lithium-ion cell manufacturing

Exide enters into multi-year technical collaboration with SVOLT for lithium-ion cell manufacturing

It is currently trading near its day’s high at Rs 153.55 on NSE.

Karan Dsij Article rating: 4.8

The company has participated in the production-linked incentives (PLI) scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage, issued by the Ministry of Heavy Industries.

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