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Feb 05, 2013, 03.37 PM IST

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.

Source: Moneycontrol.com
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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.


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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Tags: Exide Industries, Hitachi Group, Shin-Kobe Electric Machinery Company
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