India's Exicom gains on EV charging infra deal

Exicom Tele-Systems

08/01/2025 06:41

** Shares of EV charger maker Exicom Tele-Systems  EXIC.NS 
rise to exchange-allowed maximum of 5% to 250.09 rupees
    ** EXIC on Tuesday said it has signed pact with Mufin Green
Infra for EV charging infrastructure
    ** Adds, collaboration will target customers like charge
point operators, bus operators, state utilities, and other
end-users 
    ** Last month, EXIC's CEO told Reuters it eyes 50% revenue
from EV charger business by 2030-end
    ** Since trading debut in March 2024, stock has fallen 5.6%



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))