Associate EIM inks 500 MWh battery pack deal with CATL

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹179.20

prior close

₹181.20

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.9%-3.2% vs market

Other Electrical Equipment peers, median of 50sector+1.9%-3.1% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.1 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

-1.2+1.9-3.2+1.9-3.1

Next day

-3.2+3.3-6.5+3.0-6.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 50Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Associate company EIM signed a Letter of Agreement with CATL, the world's largest battery maker, for 0.5 GWh of LFP cells and battery pack kits. EIM will be CATL's launch customer in India for the new generation CB7T0 cells and L324D06 packs, configured into 400.6 kWh systems for EIM's Ashwa e-tractor. EIM currently runs 6 swap stations and targets 40 by March 2027.

Likely market impact

Positive for Ravindra Energy as associate secures partnership with global battery leader CATL, boosting growth prospects in EV heavy commercial segment.