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Meghmani Finechem rises on commissioning wind solar hybrid power plant
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Meghmani Finechem is currently trading at Rs. 1127.00, up by 10.85 points or 0.97% from its previous closing of Rs. 1116.15 on the BSE.
The scrip opened at Rs. 1110.05 and has touched a high and low of Rs. 1133.00 and Rs. 1110.05 respectively. So far 278 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1736.60 on 20-Sep-2022 and a 52 week low of Rs. 810.60 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1165.95 and Rs. 1104.40 respectively. The current market cap of the company is Rs. 4637.62 crore.
The promoters holding in the company stood at 71.34%, while Institutions and Non-Institutions held 1.25% and 27.39% respectively.
Meghmani Finechem has commissioned Wind Solar Hybrid Power Plant of 18.34 MW through Special Purpose Vehicle i.e. ReNew Green (GJS Three). The power flow at the said plant has also started. This is the company’s step towards green energy and reducing carbon footprint.
Meghmani Finechem is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives. The Company is also engaged in Trading of Agrochemical products.
