Sarthak Metals rises on getting nod to install Solar Power Plant at Hathkhoj manufacturing facility
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Sarthak Metals is currently trading at Rs. 135.75, up by 0.05 points or 0.04% from its previous closing of Rs. 135.70 on the BSE.
The scrip opened at Rs. 132.30 and has touched a high and low of Rs. 139.40 and Rs. 132.30 respectively. So far 2003 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.80 on 13-Sep-2022 and a 52 week low of Rs. 78.50 on 22-Nov-2021.
Last one week high and low of the scrip stood at Rs. 139.85 and Rs. 119.90 respectively. The current market cap of the company is Rs. 185.84 crore.
The promoters holding in the company stood at 69.83%, while Institutions and Non-Institutions held 0.41% and 29.75% respectively.
Sarthak Metals has received an approval from the Board for the installation of 335.88 kWp Solar Power Plant at the roof top of the company’s manufacturing facility situated at Hathkhoj, District Durg, Chhattisgarh for captive consumption.
After successful implementation of Solar Power Plant, the company will save around Rs 30 lakh per annum on Electricity / Power Cost. This is one of the steps in continuous efforts of the company to remain competitive in this changing energy landscape in line with long term sustainable goals of the company.
Sarthak Metals is engaged into manufacturing of wide variety of Cored wires, Aluminum Flipping coils, and Industrial Oxygen gas having wide application in various industries including Steel plants, Fabrication units, and foundries.
