Mercury Ev-Tech Ltd

The said facility hosts a next-generation battery architecture hub, housing the infrastructure to develop and produce an extensive range of chemistries including LFP (lithium iron phosphate), NMC (nickel manganese cobalt), sodium-ion cells and supercapacitor modules. This multi-chemistry facility would enable the company to cater to an increasingly diverse set of high-utility applications'from electric mobility to stationary energy storage. In alignment with global automation standards, Mercury EV-Tech has placed an order for a fully robotic, high-throughput production line from one of China's top-tier equipment providers. A technical team from India is set to inspect the facility in China on 15 April 2025, ahead of machinery shipment. The equipment is scheduled to reach the Vadodara campus by end-April, with pilot production set to begin mid-May 2025. Darshal Shah from Mercury EV-Tech said: 'This upcoming facility is poised to be one of the most advanced lithium-ion battery lines in the country, equipped with cutting-edge automation and a rare integrated laboratory designed to meet stringent global safety and performance standards. India's policy landscape has taken a decisive turn with over 30 GW of Battery Energy Storage Systems (BESS), including standalone BESS, auctioned across multiple routes in the past six months. The recent regulatory mandate for a minimum of two hours of BESS integration with all government renewable projects presents a substantial opportunity, driving strong demand for advanced energy storage solutions. Mercury EV-Tech, through PowerMetz, is positioned to emerge as a key implementing partner and a preferred supplier in this transformative shift. We have plans to initiate work on an additional 3.2 GW battery plant in South India, with the Vadodara facility's performance and order pipeline providing the foundation for this expansion. Preliminary land evaluations have been conducted across four to five locations, and the final site will be selected in line with operational momentum and order book strength over the coming quarters.' Mercury EV Tech, an electric vehicle solutions provider, delivers end-to-end capabilities across the EV manufacturing spectrum. Powered by Capital Market - Live

Mercury EV-Tech, through its wholly owned subsidiary PowerMetz Energy, has announced the commissioning of a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara campus. What sets this facility apart is its multi-chemistry flexibility, enabling the company to cater to an increasingly diverse set of high-utility applications'from electric mobility to stationary energy storage. The batteries produced will power a wide array of emerging use-cases: ' EV charging infrastructure and on-board power units ' Home and residential backup solutions ' Grid-scale storage for renewable energy and load balancing ' Industrial and critical infrastructure backup ' Uninterrupted power applications far beyond traditional EVs In alignment with global automation standards, Mercury EV-Tech has placed an order for a fully robotic, high-throughput production line from one of China's top-tier equipment providers. A technical team from India is set to inspect the facility in China on 15 April 2025, ahead of machinery shipment. The equipment is scheduled to reach the Vadodara campus by end-April, with pilot production set to begin mid-May 2025.Powered by Capital Market - Live

Net profit of Mercury EV-Tech rose 707.55% to Rs 4.28 crore in the quarter ended December 2024 as against Rs 0.53 crore during the previous quarter ended December 2023. Sales rose 677.29% to Rs 35.60 crore in the quarter ended December 2024 as against Rs 4.58 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales35.604.58 677 OPM %17.0521.18 - PBDT5.940.85 599 PBT5.780.73 692 NP4.280.53 708 Powered by Capital Market - Live

Mercury EV-Tech will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

Net profit of Mercury EV-Tech rose 171.19% to Rs 1.60 crore in the quarter ended September 2024 as against Rs 0.59 crore during the previous quarter ended September 2023. Sales rose 252.90% to Rs 19.48 crore in the quarter ended September 2024 as against Rs 5.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales19.485.52 253 OPM %10.3711.23 - PBDT2.340.98 139 PBT2.130.90 137 NP1.600.59 171 Powered by Capital Market - Live

Mercury EV-Tech announced that the 38th Annual General Meeting(AGM) of the company will be held on 30 November 2024.Powered by Capital Market - Live

Mercury EV-Tech will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

Mercury EV-Tech announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 October 2024 .Powered by Capital Market - Live

Mercury EV-Tech will hold a meeting of the Board of Directors of the Company on 13 September 2024.Powered by Capital Market - Live

The Board of Mercury EV-Tech will meet on 13 September 2024 to consider raising of funds by way of issue of convertible equity warrants and/or equity shares on preferential basis subject to such approvals as may be required including approval of the members and other statutory / regulatory approvals, as applicable. Powered by Capital Market - Live