Maruti Suzuki India gains on starting work on solar power plants
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Maruti Suzuki India is currently trading at Rs. 9738.30, up by 157.20 points or 1.64% from its previous closing of Rs. 9581.10 on the BSE.
The scrip opened at Rs. 9644.00 and has touched a high and low of Rs. 9765.50 and Rs. 9614.15 respectively. So far 6618 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7557.60 on 07-Jun-2022.
Last one week high and low of the scrip stood at Rs. 9765.50 and Rs. 9225.00 respectively. The current market cap of the company is Rs. 294174.62 crore.
The promoters holding in the company stood at 56.48%, while Institutions and Non-Institutions held 39.73% and 3.78% respectively.
Maruti Suzuki India has commenced work on two new solar power plants at the company's facilities to strengthen its commitment to carbon neutrality. The two solar power plants, namely 1.85 MWp at R&D Centre, Rohtak, and 20 MWp at Manesar will be commissioned in FY 2023-24 and FY 2024-25, respectively.
With this, the company's total solar power capacity across all facilities will reach 48.15 MWp. By 2024-25, more than 30% of the company's power requirement is expected to be met through renewable energy.
Maruti Suzuki India is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.
