RDB Infrastructure soars on inking MoU with Mecpower Solutions
RDB Infrastructure and Power is currently trading at Rs. 27.09, up by 0.74 points or 2.81% from its previous closing of Rs. 26.35 on the BSE.
The scrip opened at Rs. 27.66 and has touched a high and low of Rs. 27.66 and Rs. 26.00 respectively. So far 94561 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 91.89 on 16-Jan-2026 and a 52 week low of Rs. 25.66 on 05-May-2026.
Last one week high and low of the scrip stood at Rs. 30.00 and Rs. 25.66 respectively. The current market cap of the company is Rs. 568.91 crore.
The promoters holding in the company stood at 66.31%, while Institutions and Non-Institutions held 2.20% and 31.49% respectively.
RDB Infrastructure and Power has entered into a Memorandum of Understanding (MoU) with Mecpower Solutions for execution of EPC works in relation to development of Solar Power Project of 70 MW (AC) / 95 MW (DC) capacity along with 25 MWh Battery Energy Storage System at Bikaner, Rajasthan. Broad consideration or size of the order is around Rs 348.64 crore.
As per the MoU, the parties shall jointly participate in the project on 50:50 basis for profit-sharing arrangement. The company shall undertake procurement and execution of EPC scope for the Project.
