Advait Infratech moves up on signing MoU with SPRERI
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Advait Infratech is currently trading at Rs. 309.00, up by 2.45 points or 0.80% from its previous closing of Rs. 306.55 on the BSE.
The scrip opened at Rs. 309.00 and has touched a high and low of Rs. 309.00 and Rs. 309.00 respectively. So far 7500 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 431.80 on 11-Jan-2023 and a 52 week low of Rs. 79.00 on 06-Jun-2022.
Last one week high and low of the scrip stood at Rs. 317.15 and Rs. 295.05 respectively. The current market cap of the company is Rs. 312.68 crore.
The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% stake in the company.
Advait Infratech (AIL) has signed a Memorandum of Understanding (MoU) with Sardar Patel Renewable Energy Research Institute (SPRERI) on May 22, 2023. The purpose of this MOU is to facilitate collaboration between AIL and SPRERI in the field of hydrogen generation technologies. SPRERI, renowned for its expertise in renewable energy research, will undertake extensive research and development on various routes of generating hydrogen, including water electrolysis, syngas, and other innovative methods.
Under the terms of the MoU, SPRERI will focus on researching and developing different hydrogen generation technologies while also striving to develop a manufacturing-ready design. Their expertise will be directed towards exploring various routes and optimizing the efficiency and scalability of hydrogen production processes.
Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.
