UPL gains on inking pact with CleanMax to establish hybrid solar-wind energy power plant in Gujarat
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UPL is currently trading at Rs. 746.30, up by 3.45 points or 0.46% from its previous closing of Rs. 742.85 on the BSE.
The scrip opened at Rs. 748.85 and has touched a high and low of Rs. 753.00 and Rs. 742.85 respectively. So far 20048 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 04-May-2022 and a 52 week low of Rs. 607.80 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 767.90 and Rs. 740.70 respectively. The current market cap of the company is Rs. 55758.89 crore.
The promoters holding in the company stood at 28.96%, while Institutions and Non-Institutions held 52.90% and 10.94% respectively.
UPL has entered into a joint venture with CleanMax Enviro Energy Solutions (CleanMax), a Mumbai-based renewable energy company, to establish a hybrid solar-wind energy power plant in Gujarat, India. UPL and CleanMax will set-up and operate a hybrid captive power plant with a capacity of 28.05 MW of solar power and 33 MW of wind power. Combining two of the fastest growing renewable energy technologies, this project will enable UPL to increase its renewable energy usage to 30% of its total global power consumption (against 8% currently).
UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.
