2025 Listed Stock: Lithium-ion batteries manufacturer bags Rs 43 crore order from Singapore based Multinational Company
The stock was listed on BSE on January 205 and it is up by 23 per cent from its 52-week low of Rs 251 per share.
CLN Energy Limited has secured a significant export order worth approximately USD 5 million (Rs 43 crore including tax) from a Singapore-based multinational company. The order encompasses the supply of lithium-ion batteries, cabinets, and other related items. While the name of the awarding entity remains undisclosed due to competitive reasons, the contract stipulates delivery within 90 days. This international order represents a substantial win for CLN Energy, boosting its presence in the global lithium-ion battery market.
CLN Energy Limited, incorporated in 2019, specializes in the design and manufacture of customized lithium-ion batteries, motors, and powertrain components for electric vehicles. Serving both mobility and stationary applications, CLN Energy provides B2B solutions with customizable designs. Their products cater to a range of electric vehicles, including two, three and four-wheelers, as well as stationary applications like solar energy storage and telecommunications.
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On Monday, shares of CLN Energy Limited jumped 8.9 per cent to Rs 307.50 per share from its intraday low of Rs 282.30 per share. The stock’s 52-week high is Rs 355.35 per share and its 52-week low is Rs 251. The shares of the company have a PE of 33x, an ROE of 115 per cent and an ROCE of 146 per cent. The stock was listed on BSE on January 205 and it is up by 23 per cent from its 52-week low of Rs 251 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.