Kaiser Corporation Share Price Hits 5% Upper Circuit Following MoU With Korea EHT

Kaiser Corporation share price hit the upper circuit of 5% after the company announced a significant development through its subsidiary. 

Kaiser Corporation Share Price Hits 5% Upper Circuit On MoU Announcement

The company’s engineering arm, Xicon International Limited, has entered into a Memorandum of Understanding (MoU) with Korea EHT, signalling a strong intent to expand in the Engineering Procurement and Construction (EPC) segment both in India and globally.

The announcement of the MoU with Korea EHT led to a sharp movement in the share price of Kaiser Corporation, locking it at the upper circuit of 5%. This signals positive market sentiment driven by the strategic nature of the partnership.

MoU With Korea EHT To Expand EPC And Manufacturing Collaborations

Xicon International Limited, a subsidiary of Kaiser Corporation, has signed an MoU with Korea EHT, a global leader in electric heat tracing cables with over 3 decades of industry presence. Korea EHT operates across the Middle East, Africa, Europe and the USA, and now aims to enter the Indian market. 

Through this collaboration, both companies will explore opportunities in the EPC space and consider manufacturing synergies to reduce costs and enhance market presence.

Strategic Push Into The EV Ecosystem With WardWizard

Prior to this MoU, Xicon International had also partnered with WardWizard Innovation and Mobility Limited, a leading electric vehicle manufacturer. Under this agreement, Xicon will lease 7,500 electric scooters over FY 2025-2026 and FY 2026-2027, to be sub-leased to logistics and last-mile delivery partners across Mumbai, Pune and Ahmedabad. 

Revenue Impact Projected From Leasing Agreement

The partnership with WardWizard is expected to result in a gradual revenue inflow of approximately ₹300 million for Kaiser Corporation’s subsidiary over the duration of the lease. This aligns with the company’s broader objective of embracing green mobility while creating new revenue streams in high-growth sectors.

Diversified Business With Engineering And Packaging Roots

Founded in 1993, Kaiser Corporation Ltd started with a strong foundation in the printing and packaging industry, specialising in the production of labels, packaging materials, magazines and stationery for both domestic and international markets. Over the years, the company has strategically diversified through its subsidiaries into engineering services, electric heat tracing solutions and turnkey project execution.

Xicon International plays a pivotal role in Kaiser Corporation’s expansion strategy. As a key subsidiary, it provides integrated project management and engineering solutions.

Read More: Tata Play's FY25 Losses Deepen to ₹529 Crore Amid Revenue Decline to ₹4,082 Crore! 

Conclusion 

With the recent partnerships, it further strengthens its positioning in the EPC and EV logistics segments, enhancing the group’s multi-sector presence.

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