Gayatri Projects announces a reorganization of its energy investments held by its wholly owned subsidiary Gayatri Energy Ventures Private Limited (GEVPL), along with its partner Sembcorp Utilities Pte Ltd. (SCU). This reorganization consolidates thermal and renewable energy businesses in India that are majority-owned by SCU under a single entity for synergy, with GEVPL becoming a 6.27% shareholder in the combined entity.
Consequently, GEVPL is now not just an investor in a 2,640MW coal-fired coastal power complex, but also in a renewable energy portfolio of more than 1,400 MW.
Shares of GAYATRI PROJECTS LTD. was last trading in BSE at Rs.216.95 as compared to the previous close of Rs. 223.35. The total number of shares traded during the day was 112629 in over 627 trades.
The stock hit an intraday high of Rs. 223.65 and intraday low of 215. The net turnover during the day was Rs. 24521365.