06-02-2022 10:11 AM | Source: Accord Fintech
Cipla shines on adding capacity of captive renewable energy power plant in Maharashtra, Karnataka
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Cipla is currently trading at Rs. 1003.20, up by 20.05 points or 2.04% from its previous closing of Rs. 983.15 on the BSE.

The scrip opened at Rs. 989.90 and has touched a high and low of Rs. 1006.85 and Rs. 977.05 respectively. So far 8034 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1083.15 on 15-Mar-2022 and a 52 week low of Rs. 850.00 on 17-Dec-2021.

Last one week high and low of the scrip stood at Rs. 1006.85 and Rs. 960.10 respectively. The current market cap of the company is Rs. 79326.01 crore.

The promoters holding in the company stood at 33.63%, while Institutions and Non-Institutions held 48.64% and 17.73% respectively.

Cipla has added capacity of captive renewable energy power plant in Maharashtra & Karnataka. Earlier, in January 2021, the company had commissioned 30 MWp solar project at Tuljapur, and now further added 16 MWp of solar capacity for supplying the renewable energy for its manufacturing units/ facilities in Maharashtra. These projects have been commissioned in partnership with AMP Energy India and is one of the largest solar open access projects in the state set up by a corporate. The project will support the company’s green energy requirements for its manufacturing units at Kurkumbh & Patalganga and R&D centre at Vikhroli in Maharashtra, replacing around 70% of total consumption for these unit to green energy.

In Karnataka wind solar hybrid captive power plant with capacity as 9 MWp solar + 2.7 MVA of wind has been commissioned in partnership with CleanMax Enviro Energy Solutions, this project will help in migrating the 85% of power requirement to renewable source for its manufacturing units in Karnataka.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients.