“To support our aim and vision, the Management has undertaken a massive expansion drive under which many new machinery are being brought in. The activity also entails the infusion of more working capital so as to take the company to greater heights and strengths.”
“Due to this there is large surge in the demand for e-mobility devices, equipment’s, services
and infrastructure etc. we are proud to inform that we are currently engaged with many of India’s major Electric vehicle manufacturers and are regularly supplying to them. We are confident to become market leader in the sector in the near future.”
This comes from the latest annual report. Important to understand what the “massive expansion” implies. Also, it seems that fund raising is on the cards.
Disclosure: Invested
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