India's Greaves Cotton rises on partnership to manufacture rare earth-free motors

Greaves Cotton

11/04/2025 07:45

** Shares of industrial manufacturer Greaves Cotton GRVL.NS up 4.98% to 182.73 rupees

** Co enters partnership with tech startup Chara Technologies to manufacture electric motors and controllers that use rare earth-free magnets

** The motors are more energy efficient and aim to de-risk the supply chain by replacing hard to source rare earth minerals, co says

** No financial details disclosed

** With session's rise, stock extends 12-month gains to about 34%

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))