Exicom Tele-Systems touches roof on signing MoU with Mufin Green Infra
Exicom Tele-Systems is currently trading at its upper circuit limit of Rs. 250.25, up by 11.90 points or 4.99% from its previous closing of Rs. 238.35 on the BSE.
The scrip opened at Rs. 248.30 and has touched a high and low of Rs. 250.25 and Rs. 248.30 respectively. So far 27608 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.40 on 02-Jul-2024 and a 52 week low of Rs. 170.25 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 261.55 and Rs. 235.55 respectively. The current market cap of the company is Rs. 3023.63 crore.
The promoters holding in the company stood at 69.57%, while Institutions and Non-Institutions held 7.44% and 22.99% respectively.
Exicom Tele-Systems has signed a Memorandum of Understanding (MoU) with Mufin Green Infra, a leading provider of turnkey project solutions for EV charging infrastructure. The MoU will ensure the creation of end-to-end EV charging solutions including installation of EV chargers & setting up of EV charging infrastructure. The collaboration will target customers like Charge Point Operators, bus operators, state utilities, and other end-users to accelerate EV adoption with state-of-the-art charging solutions.
Under the MoU, Exicom will manufacture and supply EV charging hardware in compliance with industry standards, future ready specifications to support the EV ecosystem. The hardware will be equipped with Exicom’s proprietary software, designed with emphasis on efficiency and convenience. Exicom will provide technical support, maintenance service, warranty coverage as well as provide digital solutions.
Both Exicom and Mufin Green Infra will leverage their present and new customers for the success of the collaboration. Furthermore, as a strategic partner of Exicom, Mufin Green Infra will be installing EV charging stations & Buses /Fleet charging hubs as per customer requirements. They will also onboard new B2B customers to develop state of the art EV charging infrastructure while ensuring compliance with regulatory guidelines for environmental, electrical and safety requirements.
Exicom Tele-Systems specializes in power systems, electric vehicle (EV) charging, and other related solutions.
