Cummins India jumps on getting various CPCB IV+ compliance certifications from ARAI
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Cummins India is currently trading at Rs. 1830.45, up by 40.15 points or 2.24% from its previous closing of Rs. 1790.30 on the BSE.
The scrip opened at Rs. 1799.85 and has touched a high and low of Rs. 1832.55 and Rs. 1785.25 respectively. So far 19302 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1839.75 on 13-Jun-2023 and a 52 week low of Rs. 951.60 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1839.75 and Rs. 1758.15 respectively. The current market cap of the company is Rs. 50551.58 crore.
The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 37.80% and 11.20% respectively.
Cummins India has received various CPCB IV+ compliance certifications from the Automotive Research Association of India (ARAI). The certifications are for various ranges of genset products. The certifications awarded by ARAI reaffirm the readiness of Cummins India to provide its customers with various CPCB IV+ emission norms compliant gensets, effective July 1, 2023, when the new regulations will come into effect.
The CPCB IV+ emission standards are one of the most comprehensive and stringent emission norms for power generation engines that the Central Pollution Control Board (CPCB) will implement from July 1, 2023. Compared to the current CPCB II standards, the measures will result in an approximately 90% reduction in particulate matter (PM) and harmful oxides of nitrogen (NOx) concentrations. The new CPCB IV+ emission standards will also establish a single standard for both prime and standby usage of gensets covering all fuel types for the engine power output of up to 800 kWh.
Cummins India is engaged in the business of manufacturing, trading and selling of engines and allied activities.
