Schneider Electric Infrastructure trades jubilantly on getting nod to enhance production capacity
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Schneider Electric Infrastructure is currently trading at Rs. 162.80, up by 19.85 points or 13.89 % from its previous closing of Rs. 142.95 on the BSE.
The scrip opened at Rs. 144.25 and has touched a high and low of Rs. 164.95 and Rs. 144.25 respectively. So far 415507 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 164.95 on 08-Sep-2022 and a 52 week low of Rs. 92.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 164.95 and Rs. 136.10 respectively. The current market cap of the company is Rs. 3779.04 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 2.47% and 22.53% respectively.
Schneider Electric Infrastructure (SEIL) has received an approval for enhancing the production capacity of Vacuum Interrupters & Vacuum Circuit Breakers by setting up a manufacturing unit in Kolkata, subject to requisite approvals, as may be required. The Board of Directors of the company at their meeting held on September 6, 2022, have considered and approved the same.
The Existing Capacity of the company is 80k MV Vacuum Interrupters. The rationale behind enhancing the production capacity is for meeting domestic demand as well as increase export to Schneider Electric global entities to accelerate Make in India for Global, aligned with Atmanirbhar Bharat initiative of the Government of India.
SEIL is engaged in the business of manufacturing, designing, building and servicing technologically advanced products and systems for electricity network.
