PDS zooms on launching solar power plant in Bangladesh manufacturing unit
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PDS is currently trading at Rs. 439.00, up by 52.70 points or 13.64% from its previous closing of Rs. 386.30 on the BSE.
The scrip opened at Rs. 392.60 and has touched a high and low of Rs. 445.00 and Rs. 392.45 respectively. So far 27694 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 447.10 on 11-Sep-2023 and a 52 week low of Rs. 282.00 on 13-Oct-2022.
Last one week high and low of the scrip stood at Rs. 447.10 and Rs. 321.50 respectively. The current market cap of the company is Rs. 5510.11 crore.
The promoters holding in the company stood at 66.16%, while Institutions and Non-Institutions held 3.56% and 30.28% respectively.
PDS has launched a Solar Power Plant in its manufacturing unit, Green Smart Shirts (GSSL), in Bangladesh. The power plant generates One megawatt (MWh) of renewable green energy and potentially mitigates over 10,000 tonnes/kWh of carbon emission in its lifetime. With the installation of the Solar Power Plant, the facility is now poised to receive a LEED Platinum certification from the current Gold certification.
Of the company’s three manufacturing facilities, now two of them are powered by renewable energy sources. The Sri Lanka based subsidiary, Norlanka was the first facility to install a solar power plant generating over 70,000 kilowatts (kWh) of energy.
PDS is a design-led organisation and its talented design teams offer exceptional product development and design services customised to retailers’ requirements.
