Sona BLW Precision Forgings gains on inking MoU with TIHAN-IITH
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Sona BLW Precision Forgings is currently trading at Rs. 569.95, up by 4.20 points or 0.74% from its previous closing of Rs. 565.75 on the BSE.
The scrip opened at Rs. 563.25 and has touched a high and low of Rs. 570.00 and Rs. 558.50 respectively. So far 28103 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 767.80 on 23-Sep-2024 and a 52 week low of Rs. 558.50 on 10-Jan-2025.
Last one week high and low of the scrip stood at Rs. 597.60 and Rs. 558.50 respectively. The current market cap of the company is Rs. 35220.12 crore.
The promoters holding in the company stood at 28.04%, while Institutions and Non-Institutions held 64.51% and 7.45% respectively.
Sona BLW Precision Forgings (Sona Comstar) has signed a Memorandum of Understanding (MoU) with NMICPS Technology Innovation Hub on Autonomous Navigation Foundation at IIT Hyderabad (TIHAN-IITH) at CES 2025 in Las Vegas, USA. The MoU will enable Sona Comstar and TIHAN-IITH to cooperate, synergise strengths and support each other in the areas of Connected, Autonomous and Electric technologies for AGVs, Drones and EVTOLs.
The mobility space in India is poised for the launch of market-appropriate Autonomous technologies in personal transportation, Drones, eVTOL, and AGVs. Capability and Control over the entire Software Value Chain are critical for long-term success. This mandates proven domain expertise and a partner with a deep Industrialisation legacy.
This collaboration marks a significant milestone in advancing groundbreaking research and development (R&D) in autonomous vehicle technologies. With TiHAN-IITH's expertise in autonomous navigation and Sona Comstar's leadership in mobility technology and world-class manufacturing, this partnership will enhance innovation and facilitate a faster transition to future mobility applications.
Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.
