Fineotex Chemical trades higher on commissioning solar power plant at Ambernath facility
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Fineotex Chemical is currently trading at Rs. 316.15, up by 1.95 points or 0.62% from its previous closing of Rs. 314.20 on the BSE.
The scrip opened at Rs. 310.75 and has touched a high and low of Rs. 320.10 and Rs. 310.75 respectively. So far 4810 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 403.30 on 21-Oct-2022 and a 52 week low of Rs. 208.45 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 328.55 and Rs. 310.05 respectively. The current market cap of the company is Rs. 3523.46 crore.
The promoters holding in the company stood at 65.03%, while Institutions and Non-Institutions held 4.40% and 30.56% respectively.
Fineotex Chemical has successfully commissioned its 100kWp Solar Power Plant installed at Ambernath facility on September 19, 2023. Being powered by clean energy is going to provide a competitive advantage by contributing to long-term energy reliability and reducing carbon emissions.
The Solar power plant had been under observation and has been found to be functioning optimal. It is working perfectly well and meeting all the requirements that were set for it. The installation of this plant marks a milestone in committing to promote a cleaner and more sustainable energy landscape. By harnessing renewable energy sources, it not only promises substantial economic gains but also contributes significantly to our efforts to reduce environmental impact.
