Sandhar Technologies Limited applies for PLI Scheme - Auto Sector

Sandhar Technologies Limited (the "Company"), India's leading vehicle components manufacturer has applied under the Production Linked Incentive (PLI) Scheme for Automobile and Auto components of the Ministry of Heavy Industries, Government of India. This will enable the Company to manufacture and undertake Advanced Automotive Technology products for new age Electric Vehicles and provide more efficient and green automotive manufacturing and increase employment opportunities in the automotive manufacturing chain. Electric Vehicles shall help in reducing the carbon emissions leading to greener and eco-friendly Planet.

In line with this new age vision, the Company has incorporated a new Company under the name "Sandhar Auto Electric Solutions Private Limited" to undertake e-mobility business and to provide Advanced Technology Solutions.

Shares of Sandhar Technologies Limited was last trading in BSE at Rs. 255.90 as compared to the previous close of Rs. 255.95. The total number of shares traded during the day was 7574 in over 637 trades.

The stock hit an intraday high of Rs. 262.00 and intraday low of 253.05. The net turnover during the day was Rs. 1955095.00.

Source : Equity Bulls

Keywords

SandharTechnologies INE278H01035 PLIScheme Application Automobile AutoComponents