RDB Infrastructure gains on inking MoU with NRG Renewable Resources
RDB Infrastructure and Power is currently trading at Rs. 54.65, up by 0.82 points or 1.52% from its previous closing of Rs. 53.83 on the BSE.
The scrip opened at Rs. 56.00 and has touched a high and low of Rs. 56.00 and Rs. 52.22 respectively. So far 24484 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 62.68 on 04-Apr-2025 and a 52 week low of Rs. 35.00 on 05-Sep-2025.
Last one week high and low of the scrip stood at Rs. 56.00 and Rs. 50.03 respectively. The current market cap of the company is Rs. 1108.76 crore.
The promoters holding in the company stood at 68.64%, while Institutions and Non-Institutions held 2.22% and 29.14% respectively.
RDB Infrastructure and Power has entered into a Memorandum of Understanding (MoU) with NRG Renewable Resources for execution of solar power projects of 51 MW (AC)/ 65 MW (DC) to be developed across 6 sites near Nagpur, Maharashtra.
Broad consideration or size of the order is Rs 277 crore. The execution of work order will start within 7 days from the date of receipt of advance payment.
RDB Infrastructure and Power (Formerly known as RDB Realty & Infrastructure) focuses on real estate development and related activities in India.
