PCBL teams up with Australia's Kinaltek Pty in nano silicon technology for EV battery application
Manufacturing
Dec 01,2023
PCBL has entered into a joint venture with Australia's Kinaltek Pty for expansion into the battery application market.
PCBL has received the board approval for entering into a joint venture with Australian company Kinaltek Pty to expand into the growing battery application market, said a filing with the exchange.
The company will own 51 percent in the joint venture company and will infuse $16 million into the JV and a commitment to infuse up to $28 million in stages, for setting up a manufacturing facility.
JM Financial has assigned a ‘buy’ call on PCBL with a target price of Rs 290 per share in a report released on November 29 after the acquisition of Aquapharm Chemicals.
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Phillips Carbon Black