This firm, which has its presence in electrical autos and renewable vitality, introduced its foray into the battery manufacturing facility in Gujarat. On this article, we’ll have a look at the announcement.
Worth Motion
With a market capitalization of Rs 1,123 crore, the shares of Mercury EV-Tech Ltd made a 52-week excessive of Rs 139 per share, down by 57 % from its present market worth of Rs 59 per share. The inventory has given a unfavorable return of fifty.54 % during the last six months.
In regards to the announcement
Mercury EV-Tech Ltd on Tuesday stated it has ordered a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara campus by its subsidiary PowerMetz Power Pvt. Ltd.
The agency has established a cutting-edge battery-making manufacturing facility able to producing an array of chemistries starting from LFP, NMC to Sodium-Ion Cells and Supercapacitor Modules. These batteries shall be used for quite a lot of functions starting from EV charging station infrastructure to grid-scale renewable vitality storage. The agency has acquired a completely robotic manufacturing facility from a Chinese language vendor, with equipment to be delivered by end-April and pilot manufacturing deliberate for mid-Might 2025.
Including to this, Darshal Shah of Mercury EV-Tech Restricted remarked, It is without doubt one of the most refined lithium-ion battery strains in India. The plant has top-of-the-line automation and a built-in laboratory to make sure compliance with international security and efficiency norms. This mission is in response to India’s altering vitality coverage, comparable to greater than 30 GW of BESS auctions within the final six months and new necessities for two-hour BESS integration in authorities renewable tasks.
Supported by strong momentum, Mercury EV-Tech is launching one other 3.2 GW battery manufacturing facility in South India, with Vadodara serving because the cornerstone facility. The agency, offering end-to-end EV options, has additionally bought prime R&D campuses in Vadodara and Hyderabad, specializing in scalable innovation and high-range EV applied sciences.
Additionally learn: Largecap inventory in focus after asserting ₹600 Cr funding in Goldi Photo voltaic Pvt Ltd
Monetary Highlights
The corporate reported a income of Rs 35.60 crore in Q3 FY25, up by 677 %, from its Q3 FY24 income of Rs 4.58 crore. It posted a internet revenue of Rs 4.28 crore in Q3 FY25, up by 707 %, from its Q3 FY24 internet revenue of Rs 0.53 crores, and up by 167 % from its Q2 FY25 internet revenue of Rs 1.60 crores.
In regards to the Firm
Mercury EV-Tech Restricted is engaged in producing and coping with electrical autos and renewable vitality methods. Its enterprise portfolio consists of electrical scooters, automobiles, buses, vintage fashions, in addition to specifically designed EVs for hospitality, industrial, and leisure Functions.
Beforehand Mercury Metals Restricted, the corporate modified its identify to Mercury EV-Tech Restricted in March 2023 to align with its transition to wash mobility. Based in 1986, the corporate continues to develop its footprint in India’s altering EV and vitality ecosystem.
Written by Satyajeet Mukherjee
Disclaimer
The views and funding ideas expressed by funding consultants/broking homes/score companies on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a threat of monetary losses. Traders should due to this fact train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the creator should not chargeable for any losses brought about because of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.
