Upper Circuit Alert: EV-Charger Manufacturer Partners With Mufin Green Infra Limited to Drive the Expansion of EV Charging Solutions in India

Upper Circuit Alert: EV-Charger Manufacturer Partners With Mufin Green Infra Limited to Drive the Expansion of EV Charging Solutions in India

Kiran Shroff
/ Categories: Trending, Mindshare

The stock is up by 47 per cent from its 52-week low of Rs 170.25 per share.

Exicom Tele-Systems Ltd and Mufin Green Infra Limited have entered into a strategic partnership to accelerate the adoption of electric vehicles (EVs) in India. This collaboration aims to create a robust ecosystem for EV charging by combining Exicom's expertise in manufacturing cutting-edge charging hardware with Mufin Green Infra Limited's strength in turnkey project solutions for EV charging infrastructure. Exicom will provide high-quality chargers equipped with its proprietary software, ensuring efficiency, convenience, and compliance with industry standards. Mufin Green Infra Limited will focus on installing and operating charging stations, catering to the diverse needs of customers such as Charge Point Operators, bus operators, state utilities, and fleet operators.

This partnership leverages the complementary strengths of both companies to offer comprehensive EV charging solutions. Exicom will manufacture and supply a range of fast chargers, from AC to DC, that are tailored to specific customer requirements. Mufin Green Infra Limited will handle the complete project lifecycle, including site selection, civil work, electrical installations, and ongoing maintenance. By combining their expertise, both companies will provide end-to-end solutions that are reliable, efficient, and cost-effective, thereby accelerating the adoption of EVs across India.

The partnership will focus on creating bundled solutions that address the evolving needs of the EV market. This includes not only the hardware and installation but also comprehensive software solutions for managing charging operations, monitoring energy consumption, and providing a seamless user experience. By working together, Exicom and Mufin Green Infra Limited will be able to offer innovative and integrated solutions that meet the growing demand for EV charging infrastructure across India and contribute significantly to the country's transition to a sustainable transportation future.

About Mufin Green Infra Ltd

Mufin Green Infra Limited, a subsidiary of Mufin Green Finance Ltd., is a leading provider of turnkey project solutions for EV charging infrastructure in India. With a focus on operation and maintenance, they have successfully executed over 30 EPC contracts, primarily catering to the needs of EV bus operators. Led by a seasoned team with extensive experience in technical, management, and finance, Mufin Green Infra offers a comprehensive suite of services, including engineering, procurement, construction, operation and maintenance, charge point operator services, and the development of bus depots with complete civil and electrical works. By addressing critical industry challenges such as limited charging infrastructure, inadequate OEM diversification, and the scarcity of technical expertise, Mufin Green Infra aims to accelerate the adoption of electric vehicles in India through its tailored solutions and comprehensive support.

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About Exicom Tele-Systems Ltd

Exicom, a leading Indian manufacturer of EV charging and critical power solutions, is driving the country's shift towards sustainable transportation. They offer a comprehensive range of AC and DC chargers for homes, workplaces, and public spaces, all known for their durability in various climates. Beyond EV, Exicom's critical power solutions ensure the uninterrupted operation of communication networks by providing reliable backup power for telecom infrastructure. Their expertise extends across India, Southeast Asia, Europe, and the Middle East, with over 70,000 chargers installed globally, solidifying their position at the forefront of the global EV charging revolution.

Today, shares of Exicom Tele-Systems Ltd hit a 5 per cent upper circuit to Rs 250.25 per share from its previous closing of Rs 238.35 per share. The stock’s 52-week high is Rs 530.40 per share and its 52-week low is Rs 170.25. The company has a market cap of over Rs 3,000 crore. The shares of the company have an ROE of 17 per cent and an ROCE of 25 per cent. The stock is up by 47 per cent from its 52-week low of Rs 170.25 per share. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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