EV stock jumps 6% after receiving order for supply of lithium-ion batteries from SingaporeEV stock jumps 6% after receiving order for supply of lithium-ion batteries from Singapore

Introduction:

Leading EV battery solutions provider has secured a ₹43 crore export order from a Singapore-based multinational company. The contract includes lithium-ion batteries, cabinets, and related items, further strengthening its global footprint and reinforcing its position in the energy storage sector.

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Share price movement of CLN Energy:

On February 25, 2025, CLN Energy Ltd opened at ₹282.30, down 1.56% from its previous close of ₹287.95. The stock hit a high of ₹307.50, rising 6%, and a low of ₹282.30. By 2:52 PM, it traded at ₹300.20, with a market cap of ₹316.81 crore.

CLN Energy Secures ₹43 Crore Lithium-Ion Battery Export Order:

CLN Energy Limited has received an export order worth approximately ₹43 crore (USD 5 million) from a Singapore-based multinational company. The contract includes the supply of lithium-ion batteries, cabinets, and related items, further strengthening the company’s global presence in the EV sector.

The order, awarded by an international entity, is set to be executed within 90 days. This development highlights CLN Energy’s growing expertise in battery solutions and international trade, reinforcing its position in the expanding electric vehicle and renewable energy markets.

With no promoter-related interests or related party transactions involved, this deal marks a significant milestone for CLN Energy. The announcement has generated positive market sentiment, reflecting investor confidence in the company’s future growth and potential in the energy storage sector.

Recent news on CLN Energy:

As of January 30, 2025, CLN Energy Ltd made a muted debut on BSE SME, listing at ₹256, a 2.4% premium over its ₹250 issue price. The ₹72.30 crore IPO was open for subscription from January 23-27.

Stock performance of CLN Energy for Period of 1 week:

CLN Energy Ltd has shown stable performance over the past week, registering a marginal 0.31% gain.

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Shareholding pattern of CLN Energy:

Particulars	Jan 2025
Promoter	72.60%
FII	12.60%
DII	0%
Public	14.50%

About CLN Energy:

CLN Energy Ltd (BSE: 544347) specializes in manufacturing customized lithium-ion batteries, motors, and powertrain components for EVs. It serves mobility and stationary applications, including solar energy storage and telecom, offering B2B solutions with customizable designs and prototype development services.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.