Tamilnadu Petroproducts surges as it planned to invest upto Rs 13.88 crore in Dalavaipuram Renewables
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Tamilnadu Petroproducts is currently trading at Rs. 80.30, up by 0.54 points or 0.68% from its previous closing of Rs. 79.76 on the BSE.
The scrip opened at Rs. 79.77 and has touched a high and low of Rs. 81.58 and Rs. 79.77 respectively. So far 10027 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 111.65 on 13-Sep-2022 and a 52 week low of Rs. 68.37 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 81.85 and Rs. 77.95 respectively. The current market cap of the company is Rs. 725.17 crore.
The promoters holding in the company stood at 34.54%, while Institutions and Non-Institutions held 8.05% and 57.40% respectively.
Tamilnadu Petroproducts has agreed to invest upto Rs 13.88 crore, which constitute 2.73% of paid-up equity capital of Dalavaipuram Renewables (DRPL) to meet the requirement of Captive power generation under Electricity Act, 2003. Earlier, the company had entered into an arrangement with Dalavaipuram Renewables to procure upto 59.93 million kWh power per annum (Solar & Wind).
Tamilnadu Petroproducts is primarily engaged in the manufacturing and sale of petrochemical products viz., Linear Alkyl Benzene (LAB), Caustic Soda, Chlorine and Propylene Oxide at it’s facilities situated at Manali, Chennai.
.jpg)
