Kaiser Corporation Share Price Hits Upper Circuit After EV Leasing MoU

Market Movement: Kaiser Corporation Share Price Surges

Kaiser Corporation's share price witnessed a sharp uptick on Tuesday, May 20, 2025, after hitting the upper circuit limit on the BSE.

• Opening Price: ₹6.60
• Previous Close: ₹6.33
• Intraday High: ₹6.64
• Gain: Nearly 5% rise
• Status: Locked in upper circuit

The Kaiser Corporation share price surge came shortly after a significant corporate announcement post-market hours on May 19, 2025.

Main Update: MoU Signed with EV Manufacturer

Kaiser Corporation announced that its wholly-owned subsidiary, Xicon International Limited, has entered into a Memorandum of Understanding (MoU) with WardWizard Innovation and Mobility Limited, a prominent electric vehicle (EV) manufacturer.

Key Details of the Agreement:

• Scope: Leasing of 7,500 electric scooters
• Timeframe: FY 2025–2026 and FY 2026–2027
• End Use: To be sub-leased to logistics and last-mile delivery partners in Mumbai, Pune, and Ahmedabad
• Objective: Support sustainable urban mobility and green transportation initiatives

Company Insight: Strategic EV Push

This partnership reflects Kaiser Corporation's growing focus on sustainable mobility solutions. The MoU is expected to bolster its electric vehicle logistics footprint significantly.

Financial Impact:

• Estimated Revenue Addition: ₹30 crore (₹300 million)
• Revenue Timeline: Spread across two financial years

The agreement not only marks a step forward in Kaiser's ESG (Environmental, Social, and Governance) goals but also places it in a favorable position within the fast-growing EV ecosystem in India.

Summary

The Kaiser Corporation share price saw a notable spike, hitting its upper circuit at ₹6.64 after news of a significant MoU involving 7,500 electric scooters. Signed by its subsidiary Xicon International, this deal with WardWizard Innovation and Mobility Limited is poised to generate around ₹30 crore in revenue over two years.

The move strengthens Kaiser Corporation's involvement in green transportation and boosts investor confidence, as reflected in the strong market response.