Sterling Tools through its subsidiary, Sterling Gtake E-Mobility (SGEM) announced its foray into EV On-board Chargers and DC/DC converters for electric vehicles.
SGEM has signed Technology License and Supply agreements with Landworld Technology Co., China to locally manufacture On-board Chargers, DC/DC convertors and Multi-Function Units (incorporating On-Board Chargers, DC/DC converters as well as Power Distribution Units (PDUs)).These products are crucial for the electrification of Passenger and Commercial Vehicles. The company will manufacture these units at its EV campus in Faridabad.
The partnership is expected to generate around Rs 450 crores in business by FY'30 in a market segment that is projected to reach Rs 3,000 crore.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."