Shares of EPACK Durable Limited (EDL) hit the upper circuit and reached an all-time high after the announcement of a strategic partnership with global consumer electronics leader Hisense. The partnership will focus on manufacturing air conditioners and home appliances in India, aligning with the country’s “Make in India” initiative.
Under this collaboration, EPACK Durable will set up a cutting-edge manufacturing facility to produce a range of Hisense air conditioners and home appliances. Leveraging Hisense’s proprietary technology and designs, the products will be tailored to meet the brand’s global standards of innovation and quality.
This move strengthens Hisense’s position in India and aims to make the brand a top 5 player in the country’s air conditioner and home appliance sectors within five years.
As of 9:19 am the shares were trading 5% higher at Rs 408.55 on NSE
