13 Jun 2025

Mold-Tek Technologies Gains After Strategic MOU with ARAPL for Global Automation Services

Mold-Tek Technologies is currently trading at RS. 158.25, up by 0.25 points or 0.16% from its previous close of RS. 158.00 on the BSE.

The stock opened at RS. 147.10 and hit a high of RS. 159.65 and a low of RS. 147.10 so far in the session, with 15,011 shares changing hands.

A BSE group 'B' stock with a face value of RS. 2, Mold-Tek Technologies has seen a 52-week high of RS. 292.20 on July 9, 2024, and a 52-week low of RS. 109.85 on March 17, 2025. Over the past week, the stock's high and low stood at RS. 169.65 and RS. 139.65 respectively. The company's current market capitalization is RS. 448.21 crore.

Promoters hold 49.04% of the company, while institutional and non-institutional investors hold 0.35% and 50.60% respectively.

In a major development, Mold-Tek Technologies (MTTL) has received board approval to sign a Memorandum of Understanding (MOU) with Affordable Robotic & Automation (ARAPL). Under the MOU, Mold-Tek will provide engineering design, simulation, digital automation services, and also market end-to-end service offerings in the USA and European markets. ARAPL will manage robotics manufacturing, assembly, integration, control systems, and project execution in industrial automation and smart factory solutions.

This strategic alliance aims to combine the strengths of both companies to enhance global market presence, particularly in the US, Europe, India, and other international regions. Through this MOU, MTTL will now be able to deliver complete automation and robotic solutions, potentially boosting its revenue streams.

Mold-Tek Technologies is a prominent engineering services provider in India, offering IT, civil, structural, and mechanical engineering solutions to clients worldwide.