Ravindra Energy zooms on entering into agreements to develop solar power generation facilities
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Ravindra Energy is currently trading at Rs. 69.55, up by 5.00 points or 7.75% from its previous closing of Rs. 64.55 on the BSE.
The scrip opened at Rs. 66.00 and has touched a high and low of Rs. 71.80 and Rs. 66.00 respectively. So far 20308 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.00 on 11-Apr-2022 and a 52 week low of Rs. 41.60 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 71.80 and Rs. 58.65 respectively. The current market cap of the company is Rs. 933.57 crore.
The promoters holding in the company stood at 74.99%, while Non-Institutions held 25.01% stake in the company.
Ravindra Energy has entered into various agreements to develop ground mounted, grid connected solar (photovoltaic) power generation facilities at the Project Site situated at Kumbhari Village, District Sholapur, State Maharashtra, through its Subsidiary Companies, with an aggregate capacity of 10.25 MWp and accordingly make investment in the equity shares of the subsidiaries to the tune of Rs 10.18 crore required for the development of the said projects.
Ravindra Energy engages in the trading of coal primarily in India.
