Moneycontrol
Feb 05, 2013 03:37 PM IST | Source: Moneycontrol.com

Exide Industries gains on tie-up with Shin-Kobe Electric

Batteries supplier Exide Industries gained as much as 1.6 percent intraday on Tuesday on technical tie-up with Japan-Based company.

 
 
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Batteries supplier Exide Industries gained as much as 1.6 percent intraday on Tuesday on technical tie-up with Japan-Based company.


Exide entered into an additional technical license and assistance agreement with Shin-Kobe Electric Machinery Company (a part of Hitachi Group), to implement new manufacturing processes for automotive batteries.
 
At 15:27 hours IST, shares rose 0.78 percent to Rs 122.50 on Bombay Stock Exchange.

Market capitalisation of the company currently stands at Rs 10,412.50 crore.

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