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Sterling Tools shines on signing agreements with Landworld Technology
Sep-15-2025

Sterling Tools is currently trading at Rs. 345.15, up by 13.55 points or 4.09% from its previous closing of Rs. 331.60 on the BSE.

The scrip opened at Rs. 333.90 and has touched a high and low of Rs. 360.80 and Rs. 328.05 respectively. So far 34673 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 744.30 on 02-Dec-2024 and a 52 week low of Rs. 265.15 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 360.80 and Rs. 321.15 respectively. The current market cap of the company is Rs. 1255.23 crore.

The promoters holding in the company stood at 65.02%, while Institutions and Non-Institutions held 0.79% and 34.18% respectively.

Sterling Tools through its subsidiary, Sterling Gtake E-Mobility (SGEM), has forayed into EV On-board Chargers and DC/DC converters for electric vehicles. For this, 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 crore in business by FY30 in a market segment that is projected to reach Rs 3,000 crore. By producing these components domestically, SGEM aims to drive import substitution, aligning with the Atmanirbhar Bharat vision and supporting the Make in India initiative. The development will empower Indian companies and other suppliers to access advanced technology locally, building a self-reliant ecosystem for the auto industry in India.

SGEM, plans to expand the local manufacturing of EV components and Solutions, strengthening India’s industrial supply chain and reducing reliance on imports. With the market poised for significant growth, this partnership is well-timed to capitalize on emerging opportunities while contributing to a sustainable future.

Sterling Tools is engaged in manufacturing of high tensile cold forged fasteners for Automotive Industry having its presence amongst all Auto Segments- Passenger Vehicle (PV), Commercial Vehicle (CV), Two Wheelers, Farm Equipment and Off-Roadways.

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