Pavna Industries Gains 3.84% After Signing MoU with Tamil Nadu Govt for New Auto-Components Plant

Aligarh, September 17, 2025: Pavna Industries Limited’s share price witnessed strong investor interest today, on September 17. The rise in the share price comes after the company announced that it has signed an MoU with the Tamil Nadu government. The MoU requires Pavna Industries to establish a state-of-the-art auto-components manufacturing facility at the Future Mobility Park in Shoolagiri, Krishnagiri District. At the market close, the shares ended 3.84%, or 1.55 points higher at ₹41.90. The shares made an intraday high of ₹43.80 and a low of ₹38.75. The traded volume stood at 10.22 lakh shares, with the current market cap at ₹563 crore.

Pavna Industries Limited is an Indian company that is engaged in the manufacturing and supplying of a wide range of automotive components. The company was established in 1971 and is headquartered in Aligarh, Uttar Pradesh, India. The shares of the company are listed on NSE with the ticker symbol PAVNAIND and on BSE with the code 543915.

The MoU is Expected to Generate Employment

Commenting on the development, Swapnil Jain, Managing Director of Pavna Industries, said, “We are proud to partner with the Government of Tamil Nadu for this project, which will generate employment, create new opportunities for local talent, and support the state’s thriving automotive ecosystem. This initiative is closely aligned with the Make in India vision and underscores Pavna Industries’ dedication to nation-building through world-class manufacturing.”

The MoU with the state government will help Pavna Industries to grow its footprint, while helping the state government in becoming a global hub for future mobility solutions. The Tamil Nadu government has assured full support to ensure the timely execution of the project.

REF: https://nsearchives.nseindia.com/corporate/PAVNA_17092025132237_PressRelease17092025DSC.pdf

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