MRF inches up on entering into power purchase agreement with First Energy 8
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MRF is currently trading at Rs. 130600.00, up by 56.40 points or 0.04% from its previous closing of Rs. 130543.60 on the BSE.
The scrip opened at Rs. 130800.00 and has touched a high and low of Rs. 131021.75 and Rs. 130301.00 respectively.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 131,021.75 on 04-Jan-2024 and a 52 week low of Rs. 81,390.95 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 131021.75 and Rs. 125104.55 respectively. The current market cap of the company is Rs. 55365.41 crore.
The promoters holding in the company stood at 27.75%, while Institutions and Non-Institutions held 30.78% and 41.48% respectively.
MRF has entered into a captive power purchase agreement with First Energy 8 for purchase of wind power under the captive power policy of the Government and in this connection will be acquiring upto 27.2% of the paid up equity of the Company. Rs 35.87 crore will be invested for subscribing to the equity share capital of the Company.
MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles.
