Varroc Engineering Secures ₹433 Crore EV Charger Order, Stock in Focus

• Varroc Engineering Ltd won a strategic contract to supply AC bi-directional wall chargers to a leading global EV OEM.
• The chargers, designed for high stability and advanced safety, will be manufactured at Varroc's plant in Romania.
• The 6-year program is expected to generate an annual business of approximately ₹433 crore ($48 million) at its peak.
• This deal strengthens Varroc's position in the global passenger vehicle electronics market and its commitment to e-mobility solutions.
• Varroc shares closed up 1.89% at ₹580 on NSE, with a 12.40% return over the last 6 months.

Why It Matters: Varroc Engineering's significant EV charger order boosts its global e-mobility presence and financial outlook.