Mercury EV-Tech Limited has announced the commissioning of a 3.2 GW lithium-ion battery manufacturing facility. According to information shared with exchanges the new lithium-ion battery manufacturing unit will be commissioned through its subsidiary PowerMetz Energy. With this announcement the company is also entering into the battery space. Mercury EV-Tech Limited through its wholly owned subsidiary PowerMetz Energy Pvt. Ltd. has announced the commissioning of a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara campus the company said in an exchange filing. Following this development the stock surged and to hit an intraday high of Rs 61 on the BSE. The counter opened in green at Rs 59 on the BSE against the previous close of Rs 56.99. It surged further to touch the high of Rs 61 - a gain of 7.03 per cent from the previous close. Last seen the stock held firmly in green at Rs 58.90. The stock has a 52-week high of Rs 139.20 and a 52-week low of Rs 51.24. The market cap of the company is Rs 1118.94. In alignment with global automation standards Mercury EV-Tech has placed an order for a fully robotic high-throughput production line from one of China’s top-tier equipment providers. A technical team from India is set to inspect the facility in China on April 15 2025 ahead of machinery shipment the company said. The equipment is scheduled to reach the Vadodara campus by end-April with pilot production set to begin mid-May 2025. Meanwhile equity benchmark indices zoomed in early trade today amid strong global cues as investors sentiment became buoyant after US President Donald Trump relaxed some of the tariffs on electronics for now. From the Sensex firms Tata Motors rallied 5 per cent. Larsen & Toubro HDFC Bank Mahindra & Mahindra ICICI Bank and IndusInd Bank were the other big gainers. Hindustan Unilever Asian Paints Nestle and Kotak Mahindra Bank were the laggards.