RattanIndia Enterprises surges as its Revolt Motors bags order from Adani Green Energy
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RattanIndia Enterprises is currently trading at Rs. 62.20, up by 2.54 points or 4.26% from its previous closing of Rs. 59.66 on the BSE.
The scrip opened at Rs. 60.29 and has touched a high and low of Rs. 62.35 and Rs. 60.29 respectively. So far 68346 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 68.75 on 05-Sep-2023 and a 52 week low of Rs. 32.05 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 62.35 and Rs. 55.93 respectively. The current market cap of the company is Rs. 8246.62 crore.
The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 9.44% and 15.70% respectively.
RattanIndia Enterprises' Revolt Motors has bagged an order from Adani Green Energy (AGEL), India’s largest and one of the world’s leading renewable energy companies, for environment friendly electric motorcycles. Revolt Motors will supply the electric bikes for Adani Green’s corporate fleet, aligned to AGEL’s strategic priority to reduce its carbon footprint. This marks a pivotal moment in the transition to sustainable transportation solutions and reinforces the commitment of both companies to a greener, cleaner future.
The integration of electric bikes underscores AGEL’s leadership in enabling the clean energy transition and its steadfast approach to corporate sustainability. It symbolizes the essential role businesses play in reducing carbon emissions and embracing environmentally responsible transportation options.
Adani Green has consistently demonstrated a strong commitment towards sustainable solutions aligned with India’s decarbonization goals. Revolt Motors is known for its advanced electric motorcycles, which combine superior performance with innovative technology. The motorcycles offer efficient, zero-emission transportation, designed not only to reduce the carbon footprint but also to provide an exhilarating and cost-effective commuting experience.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.
