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Axiscades Technologies is currently trading at Rs. 557.05, up by 13.80 points or 2.54% from its previous closing of Rs. 543.25 on the BSE.

The scrip opened at Rs. 537.25 and has touched a high and low of Rs. 576.00 and Rs. 536.05 respectively. So far 28476 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 848.00 on 11-Jan-2024 and a 52 week low of Rs. 433.35 on 05-Jun-2024.

Last one week high and low of the scrip stood at Rs. 576.00 and Rs. 499.50 respectively. The current market cap of the company is Rs. 2365.88 crore.

The promoters holding in the company stood at 60.27%, while Institutions and Non-Institutions held 4.88% and 34.84% respectively.

Axiscades Technologies’ subsidiary – Epcogen has been awarded a long-term contract by Highview Power, a British energy storage technology producer. Highview Power is globally renowned for developing long duration energy storage technology from renewable sources. Highview Power, which specializes in liquid air energy storage (LAES), has raised capital to establish its first large-scale project, the Carrington Power Project in Manchester, UK. 

This project will feature the world’s largest LAES facility, supporting a 50 MW, 300 MWh (six-hour) long-duration energy storage capacity to provide power to over 1 million homes in the UK. The EPC construction of the Carrington facility is set to commence immediately, with commercial operations planned to begin in 2026.

In addition to the Carrington facility, Epcogen is also involved in the FEED activities for Highview Power's larger scale facilities. As Highview Power plans its next larger scale facilities with a total capacity of 2.5 GWh, AXISCADES and Epcogen are all set to play a key role in these larger-scale projects.

Axiscades Technologies is a holistic technology and engineering solutions provider, with a footprint across the entire product lifecycle management needs of global OEMs and core engineering firms.