IGI Logo

RattanIndia Enterprises is currently trading at Rs. 42.35, up by 0.90 points or 2.17% from its previous closing of Rs. 41.45 on the BSE.

The scrip opened at Rs. 42.35 and has touched a high and low of Rs. 42.90 and Rs. 42.00 respectively. So far 140519 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 70.65 on 28-Jul-2021 and a 52 week low of Rs. 30.50 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 43.25 and Rs. 40.70 respectively. The current market cap of the company is Rs. 5833.18 crore.

The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 9.03% and 16.16% respectively.

RattanIndia Enterprises’ (REL) Drone company -- Throttle Aerospace Systems (TAS) has been shortlisted for the PLI (Production Linked Incentive) scheme for Drones and Drone components by Govt. of India. Ministry of Civil Aviation (MoCA) made the announcement on the beneficiaries of the PLI scheme on July 6, 2022.

RattanIndia Enterprises had recently acquired majority of shareholding in India’s leading drone company Throttle Aerospace Systems (TAS) through NeoSky India, a wholly owned subsidiary of REL.

The objective of this scheme is to incentivise domestic manufacturing of Unmanned Aerial Vehicles (UAVs) and UAV components in India in line with Govt. of India’s vision to make India a global drone hub. PLI scheme is aimed to make the industry self-sustaining and competitive across the globe. Drones are a valuable component for multiple industries such as agriculture, infrastructure, emergency response and disaster relief, transportation, geospatial mapping and mapping for marketing purposes, media and entertainment, law enforcement and defence.

RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.