Sandhar Technologies surges on executing agreement with Clean Renewable Energy KK 1A
Sandhar Technologies is currently trading at Rs. 496.90, up by 10.90 points or 2.24% from its previous closing of Rs. 486.00 on the BSE.
The scrip opened at Rs. 507.00 and has touched a high and low of Rs. 507.00 and Rs. 488.65 respectively. So far 3518 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 697.60 on 06-Aug-2024 and a 52 week low of Rs. 329.00 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 555.00 and Rs. 483.95 respectively. The current market cap of the company is Rs. 2980.04 crore.
The promoters holding in the company stood at 70.38%, while Institutions and Non-Institutions held 16.39% and 13.23% respectively.
Sandhar Technologies has executed a Power Purchase Agreement (PPA) with M/s Clean Renewable Energy KK 1A. The agreement is for a term of 25 years and relates to the procurement of ‘Contracted Energy,’ as defined in the PPA, for the company's facility (at group level) situated within the distribution area of the relevant DISCOM(s).
This Agreement represents a strategic step forward in the Company’s long-term vision of enhancing environmental sustainability and achieving greater cost efficiency in energy consumption.
Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.
