Polyspin Exports jumps on commissioning roof top solar power plant at Tamil Nadu unit
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Polyspin Exports is currently trading at Rs. 52.39, up by 1.39 points or 2.73% from its previous closing of Rs. 51.00 on the BSE.
The scrip opened at Rs. 51.10 and has touched a high and low of Rs. 52.39 and Rs. 51.00 respectively. So far 540 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 70.55 on 30-Nov-2023 and a 52 week low of Rs. 45.01 on 10-Oct-2023.
Last one week high and low of the scrip stood at Rs. 54.99 and Rs. 50.06 respectively. The current market cap of the company is Rs. 51.00 crore.
The promoters holding in the company stood at 47.82%, while Non-Institutions held 52.18% stake in the company.
Polyspin Exports has successfully commissioned Roof Top Solar Power Plant of 1.304 MW (1304 kWp) at manufacturing unit situated at No.1, Railway Feeder Road, Cholapuram South, Rajapalayam (Via), in the state of Tamil Nadu, to generate the electricity for its Captive Consumption. Furthermore, the grid tie up approval from the Tamilnadu Generation and Distribution Corporation has been received by the company.
Polyspin Exports is engaged in the manufacture and sale of PP woven FIBC bags. These bags are air permeable and are widely used in developed countries for packing vegetables. The company also in the business activities of PP Woven FIBC Bags, Cotton Textile Fabrics.
