Introduction:
Leading Indian technology firm has partnered with Mufin Green Infra Limited to enhance EV charging infrastructure across India. The collaboration focuses on providing comprehensive charging solutions, including hardware, installation, and operational services to accelerate EV adoption nationwide.
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Share price movement of Exicom:
On January 8, 2025, Exicom Tele-Systems Ltd opened at ₹248.30, up 4.17% from its previous close of ₹238.35. The stock reached a high of ₹250.25 (4.99%) and a low of ₹248.30. By 11:12 AM, it traded at ₹250.25, a 4.99% increase, with a market cap of ₹3,023.63 crore.
Exicom partners for EV charging expansion:
Exicom Tele-Systems Limited has signed an MoU with Mufin Green Infra Limited to expand EV charging solutions across India. The collaboration focuses on providing end-to-end EV charging infrastructure, including installation, hardware, and operational services tailored to customer needs.
Exicom will manufacture EV chargers equipped with proprietary software, designed for efficiency and future-ready specifications. The partnership aims to accelerate EV adoption by providing state-of-the-art charging solutions to Charge Point Operators, bus operators, state utilities, and other end-users across India.
Mufin Green Infra will handle the installation and operation of the charging stations, working with Exicom to offer bundled solutions. Both companies will promote their combined offerings through joint marketing efforts, driving business growth and scalability in the Indian EV sector.
Stock performance of Exicom for Period of 1 week, 1 month, and 6 months:
The company’s stock has faced a decline, with a 5.28% drop over the past week, a 15.8% decrease in the last month, and a significant 46.5% fall over the last six months, reflecting ongoing challenges.
Shareholding pattern of Exicom:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 69.60% | 69.60% | 69.60% |
| FII | 1.00% | 1.00% | 1.50% |
| DII | 6.50% | 8.50% | 10% |
| Public | 23% | 21% | 18.70% |
About Exicom:
Exicom Tele-Systems Limited (NSE: EXICOM) is a leader in EV charging and critical power solutions, driving India’s transition to sustainable transport. The company manufactures reliable chargers and ensures seamless telecom infrastructure, with a global footprint spanning India, Southeast Asia, Europe, and the Middle East.
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.
