Tamboli Industries gains as its arm commissions first captive solar power plant
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Tamboli Industries is currently trading at Rs. 151.00, up by 1.00 points or 0.67% from its previous closing of Rs. 150.00 on the BSE.
The scrip opened at Rs. 158.85 and has touched a high and low of Rs. 158.85 and Rs. 146.65 respectively. So far 771 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.00 on 12-Oct-2023 and a 52 week low of Rs. 97.30 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 162.95 and Rs. 146.50 respectively. The current market cap of the company is Rs. 149.79 crore.
The promoters holding in the company stood at 52.33%, while Institutions and Non-Institutions held 0.03% and 47.65% respectively.
Tamboli Industries’ wholly-owned subsidiary -- Tamboli Castings has commissioned its first captive solar power plant with a capacity of around 1 MW. This investment will meet dual objectives of becoming self-sufficient in power requirements as well reduce the carbon footprint of the Company in line with its sustainability initiatives.
By integrating solar energy into its operations, Tamboli Castings aims to achieve two critical objectives: firstly, to bolster its self-reliance in meeting the growing power requirements of its manufacturing facility; and secondly, to reduce its carbon footprint and advance towards a more sustainable operational model.
Tamboli Industries (formerly Tamboli Capital) is an independent Corporate Entity having interest, assets in Companies and other instruments.
