Mumbai, September 16 (Udaipur Kiran). Shares of RACL Geartech traded marginally higher on Tuesday after the company announced signing a technical agreement with ARRK Engineering GmbH, a Germany-based engineering services provider.

The stock opened at ₹971.20 on the BSE and touched a high of ₹971.20 before trading at ₹946.25, up by ₹2.15 or 0.23% from its previous close of ₹944.10. Around 309 shares were traded on the counter. The company’s market capitalisation currently stands at ₹1,124.58 crore.

Under the agreement, RACL Geartech will leverage ARRK’s expertise in product design, prototyping, virtual simulation, and testing & validation, combined with its own capabilities in high-precision gears, shafts, and machined components. The partnership aims to deliver next-generation drivetrain and transmission solutions for the global automotive and e-mobility markets.

With this alliance, RACL Geartech plans to move up the value chain by offering end-to-end engineering and industrialisation services—from concept design and testing to mass production—positioning itself as more than just a precision component supplier.

RACL Geartech is a leading Indian automotive component manufacturer with a global footprint, supplying advanced drivetrain and precision engineering solutions to OEMs and Tier-1 suppliers worldwide.