Ampvolts shines on inking MoU with Mecpower Solutions
Ampvolts is currently trading at Rs. 25.12, up by 0.77 points or 3.16% from its previous closing of Rs. 24.35 on the BSE.
The scrip opened at Rs. 24.49 and has touched a high and low of Rs. 25.12 and Rs. 24.49 respectively. So far 2039 shares were traded on the counter.
The BSE group 'XT ' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.98 on 03-Jan-2025 and a 52 week low of Rs. 23.38 on 13-Mar-2025.
Last one week high and low of the scrip stood at Rs. 27.99 and Rs. 23.90 respectively. The current market cap of the company is Rs. 63.31 crore.
The promoters holding in the company stood at 54.57%, while Institutions and Non-Institutions held 0.08% and 45.35% respectively.
Ampvolts has signed a Memorandum of Understanding (MoU) with Mecpower Solutions, part of Onix Group of companies, a prominent Solar Power provider. This strategic collaboration aims to advance green mobility solutions by leveraging the synergies of both organizations to develop sustainable & robust EV charging infrastructure in India.
As part of the agreement, the company will identify strategic locations for bulk EV charging stations and serve as the front-end partner for key projects. The company will also ensure the provision of necessary resources, like support, and the development of sustainable green mobility solutions
Mecpower Solutions will compliment by supplying the latest solar power plants and machinery, including PV panels, inverters, and associated hardware, to Ampvolts. The company will also extend its experience and expertise to provide the most optimized solar power plants in line with respective DISCOMs rules and schemes, delivering innovative and comprehensive solutions to enhance business operations.
Ampvolts (formerly known as Quest Softech (India)) is a leading Charge Point Operator (CPO), EV charging hub & green mobility solution provider, bringing entire range of ARAI certified AC & DC chargers.
