Endurance Technologies gains on planning to set up manufacturing facility in Pune
Endurance Technologies is currently trading at Rs 1908.05, up by 14.60 points or 0.77% from its previous closing of Rs 1893.45 on the BSE.
The scrip opened at Rs 1900.05 and has touched a high and low of Rs 1908.80 and Rs 1877.95 respectively. So far 417 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 3059.05 on 14-Jun-2024 and a 52-week low of Rs 1555.65 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 1993.05 and Rs 1877.95 respectively. The current market cap of the company is Rs 26642.95 crore.
The promoters holding in the company stood at 75%, while Institutions and Non-Institutions held 23.25% and 1.74% respectively.
Endurance Technologies is setting up a new manufacturing facility for which a capex outlay of around Rs 47.30 crore is envisaged. The plant is being set up by the company at Mindewadi, Taluka Maval, District Pune, Maharashtra to manufacture Lithium Ion Battery Packs of various configurations suitable for mobility applications and for battery energy storage systems for other applications. Proposed capacity addition is around 35,000 packs per month. The proposed capacity shall be added in phases beginning from Q4 of the financial year 2025-26.
The company is setting up the manufacturing facility and launching the Battery Packs as a new product line for mobility, energy storage and other applications to meet the growing demand in those sectors. The new product launch extends the product offering of the company which is currently served by its subsidiary, Maxwell Energy Systems, which designs, develops and supplies robust battery management systems for various applications. This is a strategic initiative by the company and is an important commitment to include in its portfolio, products promoting sustainability in mobility and other applications.
Endurance Technologies is among one of the largest auto-components companies in India.
