Synopsis: Penny stock company jumped 10% after MegaCharge partnered with NHEV to install 660 EV chargers on a 5,500 km e-highway, boosting intercity EV travel and supporting a 5,000-charger target by 2030.
The shares of the Penny stock company, specializing in the business of trading small passenger electric vehicles and their components, are in focus upon entering into a strategic partnership with the National Highways for Electric Vehicles (NHEV) to deploy 660 EV charging points across India’s 5,500 km e-highway network.
With a market capitalization of Rs. 115.11 Crores on the Day’s Trade, the shares of Mega Nirman and Industries Ltd jumped upto 10 percent, reaching a high of Rs. 44.96 compared to its previous close of Rs. 40.89.
What Happened
Mega Nirman and Industries Ltd, engaged in the business of trading small passenger electric vehicles and their components, is in focus as its arm, MegaCharge, has entered into a strategic partnership with the National Highways for Electric Vehicles (NHEV) to deploy 660 EV charging points across India’s 5,500 km e-highway network.
This initiative aims to strengthen the country’s EV ecosystem by enabling seamless long-distance electric mobility through reliable and accessible charging infrastructure along key highway corridors.
Under the collaboration, MegaCharge will be responsible for deploying and maintaining advanced AC and DC fast-charging stations, supporting the development of a robust intercity charging backbone connecting major cities and economic hubs. The project aligns with MegaCharge’s vision of establishing 5,000 EV charging points across India by 2030.
The partnership is expected to accelerate EV adoption by reducing range anxiety, enabling smooth intercity travel, and supporting national sustainability goals. It also reinforces MegaCharge’s position as a growing player in India’s EV infrastructure space, committed to innovation and large-scale expansion.
MegaCharge is an EV charging infrastructure and technology company working to accelerate electric mobility in India. It provides AC/DC charging systems with smart features like Dynamic Load Balancing and a digital platform for managing charging services. The company has deployed 20+ charging points across Delhi NCR and Kanpur, with more expansion planned in cities like Lucknow and Dehradun.
NHEV (National Highways for Electric Vehicles) is an initiative to develop EV charging infrastructure across major highway corridors in India. It aims to convert about 5,500 km across 26 highways in 14 states into “e-highways” by 2030, with integrated charging, battery swapping and roadside support under a public-private partnership model.
Financials & Others
The company’s revenue rose by 21.01 percent from Rs. 5.14 crores in December 2024 to Rs. 6.22 crores in December 2025. Meanwhile, Net profit rose from Rs. 0.11 crores to Rs. 0.35 crores in the same period.
Mega Nirman & Industries Ltd (MNIL) is an Indian publicly listed company incorporated in 1983 and headquartered in New Delhi. The company was earlier known as Daphene Investment and Properties Limited. It is listed on the Bombay Stock Exchange (BSE) and primarily operates in sectors like precious metals, gemstones, and jewellery trading. Over time, it has also expanded into real estate and infrastructure-related activities.
In recent years, the company has diversified further into new-age businesses such as electric vehicle (EV) charging solutions, EV batteries, and smart mobility infrastructure. MNIL aims to build integrated solutions combining real estate development with clean energy and EV ecosystem services, focusing on sustainable and technology-driven growth in India.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post EV stock jumps 10% after partnering with NHEV to deploy charging points across e-highways appeared first on Trade Brains.