Varroc Engineering Shares Surge on Massive EV Deal: ₹800 Crore Annual Revenue Potential Unlocked!

Overview

Varroc Engineering shares saw a significant rise after announcing an 8-year deal to supply High Voltage electronics for a leading electric vehicle (EV) maker. The contract, with a peak annual revenue potential of ₹800 crore, bolsters Varroc's position in the fast-growing EV market, with manufacturing set for Romania.