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V-Guard Industries Limited ( (IN:VGUARD) ) has provided an update.
V-Guard Industries Limited has approved a fresh investment of ₹25 crore in its associate company Gegadyne Energy Labs Private Limited, increasing its fully diluted stake to 30.35 percent. Gegadyne operates in the energy storage space with alternate battery technology and is yet to commence commercial operations.
The move is aimed at giving V-Guard access to next-generation battery technology with advantages such as lower total cost of ownership, longer life, faster recharge, better safety, and lower maintenance. V-Guard also sees potential to deploy this technology in primary applications like energy storage and DUPS, as well as secondary applications across its existing product portfolio, signaling a strategic bet on future-ready energy solutions.
More about V-Guard Industries Limited
V-Guard Industries Limited is an Indian consumer electricals and electronics company based in Kochi, operating in segments such as power solutions, consumer durables, and electronic products. The company focuses on leveraging emerging technologies and strategic investments to strengthen its portfolio and enhance its presence in energy-related and household product categories.
Average Trading Volume: 22,382
Technical Sentiment Signal: Hold
Current Market Cap: 134B INR
Find detailed analytics on VGUARD stock on TipRanks’ Stock Analysis page.