Heidelberg Cement soars on commissioning 5.5 MW solar power plant at Madhya Pradesh
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Heidelberg Cement India is currently trading at Rs. 210.00, up by 8.00 points or 3.96% from its previous closing of Rs. 202.00 on the BSE.
The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 214.15 and Rs. 207.65 respectively. So far 9155 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 284.55 on 31-May-2021 and a 52 week low of Rs. 178.95 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 214.15 and Rs. 201.45 respectively. The current market cap of the company is Rs. 4577.58 crore.
The promoters holding in the company stood at 69.39%, while Institutions and Non-Institutions held 16.50% and 14.09% respectively.
Heidelberg Cement India has commissioned 5.5 Mega Watt (MW) Solar Power Plant in its mining area located in Damoh, Madhya Pradesh. The mining operations and clinker plant at Damoh have started receiving supply of electricity. The solar plant is expected to generate 10 Gigawatt hours per annum solar energy and the same will replace electricity purchased under short term open access and from grid.
The expected CO2 savings by generating solar energy would be 225,000 tonnes over the standard life of the plant. The commissioning of the Solar Plant is yet another milestone in reducing CO2 footprint.
Heidelberg Cement India is engaged in the manufacturing and selling of cement.
