Taylormade Renewables touches roof on receiving work order from Asian Paints
Taylormade Renewables is currently trading at upper circuit limit of Rs. 420.00, up by 20.00 points or 5.00% from its previous closing of Rs. 400.00 on the BSE.
The scrip opened at Rs. 420.00 and has touched a high and low of Rs. 420.00 and Rs. 420.00 respectively. So far 4000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 425.35 on 07-Jul-2023 and a 52 week low of Rs. 12.01 on 29-Jul-2022.
Last one week high and low of the scrip stood at Rs. 420.00 and Rs. 370.50 respectively. The current market cap of the company is Rs. 439.50 crore.
The promoters holding in the company stood at 63.02%, while Non-Institutions held 36.98% stake in the company.
Taylormade Renewables (TRL) has received new work order from India’s largest paint manufacturer company Asian Paints for the proprietary TRL RAIN Technology plant worth Rs 1.54 crore to treat their Effluent at their Asian Paints Plant, Khandala, District Satara, Maharashtra. On successful installation of first plant, Asian Paints would install such plants at their all other manufacturing units.
This order has been received after conducting numerous trials, technical discussions through VCs, detailed technical due diligence for a period of two years, comparison of worldwide available & existing technologies for the paint industry effluent treatment and its Techno-Economic Analysis. The receipt of order from an industry leader such as Asian Paints validates the technical superiority of TRL's offerings. Post the receipt of this order the cumulative order book of the company stands at about Rs 150 crore and has achieved sales of Rs 16.52 crore as on July 17, 2023.
Taylormade Renewables is primarily engaged in providing renewable energy solutions.