Birla Corporation gains on completing acquisition of 6.04% stake in CGE II Hybrid Energy
Birla Corporation is currently trading at Rs. 1383.95, up by 10.00 points or 0.73% from its previous closing of Rs. 1373.95 on the BSE.
The scrip opened at Rs. 1374.00 and has touched a high and low of Rs. 1396.65 and Rs. 1366.10 respectively. So far 1367 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1656.10 on 27-Jun-2024 and a 52 week low of Rs. 901.85 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1425.10 and Rs. 1357.95 respectively. The current market cap of the company is Rs. 10606.72 crore.
The promoters holding in the company stood at 62.90%, while Institutions and Non-Institutions held 21.87% and 15.23% respectively.
Birla Corporation has completed acquisition of 6.04% equity shares of CGE II Hybrid Energy to source wind-solar power as a captive consumer for a capacity of upto 6 MW for its plant located in Chanderia, Rajasthan. The company now holds 6.04% equity shares in CGE II Hybrid Energy.
Birla Corporation is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well.
