Jubilant Ingrevia gains on signing power purchase agreement with O2 Power
Jubilant Ingrevia is currently trading at Rs. 677.45, up by 2.25 points or 0.33% from its previous closing of Rs. 675.20 on the BSE.
The scrip opened at Rs. 675.05 and has touched a high and low of Rs. 687.10 and Rs. 667.95 respectively. So far 6187 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 884.95 on 12-Dec-2024 and a 52 week low of Rs. 422.00 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 710.70 and Rs. 645.00 respectively. The current market cap of the company is Rs. 10842.27 crore.
The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 22.87% and 25.65% respectively.
Jubilant Ingrevia has taken a significant step towards enhancing its renewable energy footprint by signing a power purchase agreement with O2 Power through its wholly owned subsidiary Jubilant Infrastructure for its SEZ Bharuch Manufacturing Facility.
This agreement reinforces the company’s commitment to sustainability through the adoption of green energy. The contract comes one year after carrying out the same exercise at its manufacturing facilities in Savli, Gujarat and Gajraula, Uttar Pradesh for which supply is scheduled to begin in April 2025. This is a significant step towards making company’s Bharuch manufacturing facility green.
Jubilant Ingrevia, a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers.
