Wardwizard Innovations to set up new project for e-vehicles in Vadodara; Stock soars 3%

19 Jan 2022 , 09:21 AM

Wardwizard Innovations & Mobility Ltd has informed that the Board of Directors in its meeting held on January 18, 2022 has jointly with its Promoters & Promoters’ Group decided to commence the process to acquire 4 million sq ft of land in the outskirts of Vadodara City.

The board has decided to acquire land for the development of electric vehicles ancillary project that aims to eliminate the problems of raw materials supply for electric vehicle manufacturing by putting up units for making essential components like Motor, Battery, Chassis, steel parts, Chargers, Controllers etc.

On Wednesday at around 9:22 AM, Wardwizard Innovations was trading at Rs96 per piece higher by 3.06% on the BSE. The scrip opened at Rs93.05 per piece today.