Vakrangee shares rallied 5 percent intraday after company decided to set up electric vehicle charging infrastructure across India.
The company will set up the charging infrastructure facility through its Nextgen Vakrangee Kendra outlets.
Vakrangee has 3,504 Nextgen Vakrangee Kendra’s spread across 19 states, 366 districts and 2,186 postal codes. More than 68% outlets are from Tier 5 and tier 6 cities.
“Our planned target is to reach at least 75,000 by FY2021-22 and 3,00,000 outlets by FY2024-25,” company said in its BSE filing.