Salzer Electronics jumps on executing Joint Venture Agreement with Kostad Steuerungsbau GmbH

Salzer Electronics Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 517059 | NSE: SALZERELEC

12 Jul 2021 Evaluate

Salzer Electronics is currently trading at Rs. 175.00, up by 9.45 points or 5.71% from its previous closing of Rs. 165.55 on the BSE.

The scrip opened at Rs. 172.90 and has touched a high and low of Rs. 176.80 and Rs. 170.60 respectively. So far 39678 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 176.80 on 12-Jul-2021 and a 52 week low of Rs. 80.00 on 20-Jul-2020.

Last one week high and low of the scrip stood at Rs. 176.80 and Rs. 158.35 respectively. The current market cap of the company is Rs. 276.82 crore.

The promoters holding in the company stood at 35.83%, while Institutions and Non-Institutions held 9.51% and 54.66% respectively.

Salzer Electronics has executed a Joint Venture Agreement with Kostad Steuerungsbau GmbH to manufacture DC Fast charging stations for electric vehicles (EV). Salzer will form a joint venture company named Salzer Kostad EV Chargers, with Austria-based company Kostad Steuerungsbau GmbH (Kostad). The JV will engage in the manufacturing of DC Fast charging stations for electrical Cars, Trucks & Buses, and components and systems thereof, in India.

Through this technical alliance, Kostad would provide technical know-how and requisite technology support to Salzer for the production of EV charging stations and related components. Salzer and Kostad would hold 26% and 16% equity in this JV respectively, E-March LLP – a Technology company with abundant resource and knowledge in Power electronics will hold 6%, while the rest would be held by private investors. The total investment in this venture would be Rs 18 crores, 26% of which will be borne by Salzer over a period of 12 months.

Salzer Electronics made its debut in the Electrical Industry with an aim to design, develop, manufacture and supply CAM operated Rotary Switches, selector switches, Wiring Ducts, Voltmeter Switches and allied products. It is headquartered in Coimbatore, Tamil Nadu.

Salzer Electronics Share Price

663.00 11.95 (1.84%)

06-May-2026 15:40 View Price Chart

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