Shivalik Bimetal Controls surges on getting nod to set up new manufacturing facility at Pune
Shivalik Bimetal Controls is currently trading at Rs. 461.50, up by 8.25 points or 1.82% from its previous closing of Rs. 453.25 on the BSE.
The scrip opened at Rs. 453.30 and has touched a high and low of Rs. 467.30 and Rs. 444.50 respectively. So far 1639 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 604.00 on 18-Jul-2025 and a 52 week low of Rs. 378.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 494.95 and Rs. 412.50 respectively. The current market cap of the company is Rs. 2634.53 crore.
The promoters holding in the company stood at 33.17%, while Institutions and Non-Institutions held 22.31% and 44.52% respectively.
Shivalik Bimetal Controls has received approval for setting up the new manufacturing facility at Pune, Maharashtra for the manufacturing, assembly, and testing of automotive busbars/connectors and their subsequent assemblies.
This initiative will establish a new product line for SHIVALIK, enabling forward integration of its existing capabilities while expanding its market offerings in the areas of e-mobility, energy storage, and related applications. The total investment for the project is Rs 20 crore, to be funded through internal accruals.
The Board of Directors of the company, at its meeting held on February 5, 2026, has approved the same.
The company stated that the move will establish a new product vertical while strengthening its market offerings in high-growth segments.
Shivalik Bimetal Controls is engaged in the business of Thermostatic Bimetal, CRT Component Shunts, Solder Reflow Material, Precision Stainless Steel, Snap Action Disc.
