In the last five years, the stock price has logged multibagger returns of 16,342 per cent.
Mercury EV-Tech Limited, through its wholly owned subsidiary PowerMetz Energy Pvt. Ltd., has announced the commissioning of a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara campus. The facility is designed to produce a range of cell chemistries, including LFP, NMC, Sodium-Ion Cells, and Supercapacitor Modules.
Mercury EV-Tech has placed an order for a fully robotic, high-throughput production line from a Chinese equipment provider. A technical team from India is scheduled to inspect the facility in China on April 15, 2025. The equipment is expected to arrive at the Vadodara campus by the end of April, with pilot production slated to begin in mid-May 2025.
Mercury EV Tech has a dedicated 18-acre R&D center near Vadodara city and another R&D centre in Hyderabad.
Mercury Ev-Tech Ltd is trading at Rs 58.90, up by Rs 1.91 or 3.35 per cent from its previous close of Rs 56.99. The stock opened flat at Rs 59.00 and is currently showing positive momentum in early trade. In the last five years, the stock price has logged multibagger returns of 16,342 per cent.
The EV sector company said that it has ordered a fully-robotic production line from China, with pilot production expected to begin by mid-May at the Vadodara campus.
"Mercury EV-Tech has placed an order for a fully robotic, high-throughput production line from one of China’s top-tier equipment providers. A technical team from India is set to inspect the facility in China on April 15, 2025, ahead of machinery shipment. The equipment is scheduled to reach the Vadodara campus by the end of April, with pilot production set to begin mid-May 2025," said the company.
Incorporated in 1986, Mercury Ev-Tech Ltd is in the business of Manufacturing and Trading of Electronic vehicles and other related renewable energy products. METL manufactures and trades Electronic Vehicles, related auto parts and accessories and other renewable energies related materials. METL manufactures Electric scooters, Electric cars, Electric buses, Electric Vintage cars, Electric Golf cars, and other Electric Vehicles in India. It develops custom electric vehicles for applications in hospitality, industry, golf courses, clubs and Resorts, etc.
As of December 2024, the shareholding pattern shows promoters holding 59.17 per cent, FIIs at 1.69 per cent, and the public holding 39.13 per cent. Compared to the previous quarter, there is a significant decline in promoter shareholding from 62.10 per cent to 59.17 per cent and a noticeable increase in FII stake from 0.16 per cent to 1.69 per cent.
Investor should keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
Mercury EV-Tech Commissions 3.2 GW Battery Plant, Eyes Expansion Amid Rising FII Interest
- www.dsij.in
India's policy landscape has seen the auctioning of over 30 GW of Battery Energy Storage Systems (BESS) in the past six months. Mercury EV-Tech also has plans to initiate work on an additional 3.2 GW battery plant in South India. The company has conducted preliminary land evaluations across four to five locations for this expansion.