Allcargo Terminals inches up on executing Power Purchase Agreement with Amokha Green Energy
Allcargo Terminals is currently trading at Rs. 31.89, up by 0.02 points or 0.06% from its previous closing of Rs. 31.87 on the BSE.
The scrip opened at Rs. 32.84 and has touched a high and low of Rs. 32.84 and Rs. 31.85 respectively. So far 10687 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 76.97 on 31-Jan-2024 and a 52 week low of Rs. 30.00 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 33.81 and Rs. 30.00 respectively. The current market cap of the company is Rs. 783.52 crore.
The promoters holding in the company stood at 67.52%, while Institutions and Non-Institutions held 6.82% and 25.66% respectively.
Allcargo Terminals has executed a Power Purchase Agreement (PPA) with Amokha Green Energy (AGEPL) for the procurement of Solar Power for its Container Freight Station (CFS) situated at Chennai on Group Captive Basis. The company gains benefit in terms of electricity saving as AGEPL is offering Solar Power at a reasonable rate in comparison to Tamil Nadu Generation and Distribution Corporation (TANGEDCO).
The parties have executed the PPA wherein the Allcargo Terminals has agreed to consume minimum 80% of 3 lakh units of electricity per annum. As per a statutory requirement of the PPA, minimum holding of equity shares in respect of all the Group Captive Consumer will be 26%.
Allcargo Terminals is engaged in the business of operating Container Freight Stations.
.jpg)
