Shares of Pavana Industries Limited, a company that supplies auto parts to major companies like TVS, Mahindra, Escorts, Royal Enfield, have seen a massive rally of 15% today. At the time of writing this news, the stock was trading at Rs 23.23, up 11.10% or Rs 2.32 on NSE till 10:18 am, while on BSE the stock was trading at Rs 23.33, up 10.99% or Rs 2.31.
According to information available on BSE, 25,080 equity shares of the company were traded till 10:07 am.
In fact, recently the company had informed in one of its exchange filings that it has signed an MoU with the Government of Uttar Pradesh (GoUP) on November 24, 2025.
Under this MoU, Pavan Industries will invest around ₹250 crore in the proposed project in the next 3 to 5 years and aims to provide employment to around 500 people.
As per the MoU, the Uttar Pradesh government will support the company in setting up the project in the state and help in obtaining necessary permissions, registrations, approvals and clearances.
Apart from this, the government will also help the company in availing the benefits of incentives under various schemes of the state and central government.
Pavan Industries Limited was incorporated on April 19, 1994. The company manufactures reliable and high-quality automotive parts for a wide range of vehicles.
The company’s customers are well-known OEMs (Original Equipment Manufacturers) of the country, which operate in segments like passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles, and off-road vehicles.
Talking about the company’s clients, these include Bajaj, Kawasaki, Honda, TVS, Mahindra, Escorts, Royal Enfield, Ashok Leyland, Mahindra Wheels, Eicher Motors, Tork Motors, Revolt, Mahindra Electric and many other big companies.
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