PCBL Rises 1% After Subsidiary Secures US Patent for Advanced Energy Storage Tech
Shares of PCBL Chemical Ltd rose 1% to touch a day’s high of Rs 430 on 21st July, after the company announced that its subsidiary, Nanovace Technologies Ltd, has been granted a process patent by the United States Patent Office for its proprietary method of developing nanomaterials designed for next-generation energy storage technologies.
This patent marks a key milestone in PCBL’s R&D efforts, strengthening its position in the energy storage space.
It not only validates the company’s innovation but also opens doors for global partnerships, licensing, and commercialisation.
Nanovace Technologies has already proven the technology at lab scale and is now setting up a pilot plant, expected to be ready by Q3 FY26, to demonstrate its industrial use.
PCBL believes this move supports its long-term growth and aligns with its goal to lead in sustainable energy solutions.
At 1:09 PM, the shares of PCBL were trading 1.02% higher at Rs 424.75 on NSE.
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