RPG Life Sciences gains on geting nod to execute power delivery agreement with Sunpound
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RPG Life Sciences is currently trading at Rs. 1426.00, up by 19.60 points or 1.39% from its previous closing of Rs. 1406.40 on the BSE.
The scrip opened at Rs. 1469.95 and has touched a high and low of Rs. 1469.95 and Rs. 1392.30 respectively. So far 3596 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 8 has touched a 52 week high of Rs. 1497.95 on 18-Oct-2023 and a 52 week low of Rs. 645.70 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1497.95 and Rs. 1253.45 respectively. The current market cap of the company is Rs. 2359.70 crore.
The promoters holding in the company stood at 72.81%, while Institutions and Non-Institutions held 0.62% and 26.58% respectively.
RPG Life Sciences has received approval for execution of Power Delivery agreement with Sunpound Solar (Sunpound) a Special Purpose Vehicle (SPV), for supply of electricity by Power Producer to the Company, by setting up a group captive solar power project in Maharashtra. In this regard the Company has agreed to invest an amount upto Rs 1.10 crore to subscribe equity shares, upto 26% of share capital of Sunpound in proportion to the contracted capacity by captive consumers. The Board of Directors of the Company has at its meeting held on October 18, 2023 considered and approved the same.
RPG Life Sciences (RPGLS) is a pharmaceutical organization and was formerly known as Searle (India).
