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News Topical, Digital Desk : The company's shares saw a strong rally on Wednesday. The company's stock hit a record high of ₹570.15 on a 5% upper circuit. This rise came after the company informed about the successful completion of the first phase of its Lithium-Ion battery supply project for BSNL. The company said in an exchange filing that it has completed the first phase of its Lithium-Ion battery project for Bharat Sanchar Nigam Limited (BSNL) in June 2025 and delivery has also been done.
Now the company is working on the second phase, which is expected to be completed on time i.e. by July 14, 2025. The tender deal of ₹ 107.91 crore, which includes a PO order of ₹ 77 crore, was received by the company from BSNL.
The company says that this victory shows its technical prowess and commitment to providing clean and reliable energy solutions to critical infrastructure.
What does the company do CLN Energy was founded in 2019 in Delhi NCR. The company manufactures lithium-ion batteries, electric motors and powertrain components—especially for EVs and energy storage systems. Range of batteries: 2KWh to 500KWh Segment: EV, Telecom, Solar Energy, Smart City Customized Solutions and Prototyping Services The company's IPO came in 2025. It was listed on the BSE SME platform at an issue price of ₹250 and debuted at ₹256. It has given a return of more than 120% so far. Timely delivery in a big government project like BSNL has increased the credibility of CLN Energy in the market. Investors will now be looking at the company's future projects and timely delivery. If the second phase is also successful, then further growth can be seen in the stock.
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