Sona BLW Precision Forgings gains on inking definitive documents with CleanMax
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Sona BLW Precision Forgings is currently trading at Rs. 588.15, up by 2.40 points or 0.41% from its previous closing of Rs. 585.75 on the BSE.
The scrip opened at Rs. 586.90 and has touched a high and low of Rs. 590.80 and Rs. 578.15 respectively. So far 64093 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.20 on 04-Jan-2024 and a 52 week low of Rs. 401.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 598.25 and Rs. 571.15 respectively. The current market cap of the company is Rs. 34306.85 crore.
The promoters holding in the company stood at 29.71%, while Institutions and Non-Institutions held 60.78% and 9.51% respectively.
Sona BLW Precision Forgings has executed the definitive documents with the CleanMax Enviro Energy Solutions on January 24, 2024 for setting up captive power generating facility in the state of Haryana, having solar capacity of 14.85 MWp for its operations Gurgaon and Manesar, Haryana, through a special purpose vehicle ‘CleanMax Calypso’ incorporated for this purpose.
Earlier, the company had executed Letter of Intents (LoI) on November 27, 2023 with CleanMax Enviro Energy Solutions (CleanMax) for setting up Captive Generating Plant with Solar Capacity of 14.85 MWp in the state of Haryana and 4.00 MWp in the state of Maharashtra.
Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.
