Varroc Engineering Secures $48 Million EV Charger Deal with Global OEM

• Varroc Engineering Ltd announced a strategic contract win to supply AC bi-directional wall chargers for a leading global electric vehicle (EV) OEM.
• The deal, valued at an estimated $48 million annually at peak capacity, will run for six years.
• Chargers will be manufactured at Varroc's facility in Romania, meeting global quality and safety standards.
• This contract strengthens Varroc's presence in the global passenger vehicle electronics market and supports its e-mobility growth strategy.
• The company's shares closed 1.89% higher at ₹580 on the NSE following the announcement.

Why It Matters: Varroc Engineering secured a significant $48 million deal to supply EV chargers, boosting its global e-mobility footprint.