Multibagger penny stock under Rs 70: Heavy electrical equipment company laid the foundation stone for an energy storage manufacturing facility!

Aartech Solonics Limited, a leading engineering solutions provider for the power and defence sectors, has commenced construction on a new manufacturing facility for its wholly-owned subsidiary, Faradigm® Ultracapacitors Pvt. Ltd. Located in the Mohasa-Babai Industrial Area, District Narmadapuram, Madhya Pradesh, the foundation stone laying ceremony (Bhoomi Pujan) recently took place. This facility will be dedicated to manufacturing high-performance energy storage systems, with applications spanning renewable energy, defence, and transportation sectors. This strategic development aligns with national initiatives like "Make in India" and "Atmanirbhar Bharat," aiming to bolster India's indigenous energy technology capabilities and contribute to global energy infrastructure needs.

The land for this plant was secured on a 99-year lease in 2024, and the facility is slated to become operational by the end of 2026. Faradigm® Ultracapacitors Pvt Ltd, established in 2017 as a 100 per cent subsidiary of Aartech Solonics Limited, specialises in the research, design, development, and manufacturing of ultracapacitors and other energy storage devices. All products from Faradigm® are exclusively marketed and supported by Aartech Solonics, leveraging the parent company's long-standing reputation for innovation and customer trust in power and energy solutions.

Aartech Solonics Limited, headquartered in Bhopal, India, is a distinguished provider of high-reliability power switching, control, and protection systems. The company has progressively diversified its expertise into advanced defence technologies, delivering ruggedised, mission-critical equipment to various utilities, defence forces, and global markets. Aartech's steadfast commitment to quality, innovation, and operational integrity consistently solidifies its position as a trusted and essential partner within critical infrastructure and national security frameworks.

On Monday, shares of Aartech Solonics Ltd gained 1.41 per cent to Rs 69.13 per share from its previous closing of Rs 68.17. The stock’s 52-week high is Rs 105.57 and its 52-week low is Rs 50.10. The company has a market cap of over Rs 200 crore and gave multibagger returns of 680 per cent in just 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.