IMP Powers' successful foray in renewable energy

IMP Powers Ltd has announced its successful foray into the renewable energy space with an emphasis on "MAKE IN INDIA" by contributing and supporting in its own way with the initiative of the Hon'ble PM of India.

IMP begins production of Kinetic Energy turbines in India: The company has crossed the first hurdle in terms of successful trial completion upto 31st May and 4x5 kW turbines are generating power at a record of 70% PLF and has fed more than 80000kWh units till now in the grid. With this, IMP is all set to further expand this technology all over the country. From Tune, the local assembly of Turbines has started in IMP Silvassa.

Milestone Achievement

The company's first Small Hydro Project BAIRAS 2X750kWat Drass which has worked all throughout the peak winter and generating upto 750KW (one plant commissioned) with no breaks in temperature upto -37°C. This is the first project commissioned under Hon'ble Prime Minister Ladakh Scheme with the capacity of 2x750 kW. The plant is feeding more than 1000 families in town along with Army Headquarters. The second Phase of Bairas with the capacity of 1x 750 KW is being commissioned this month.

The Second Project SANGRAH (2x750kW) in Kargil is under pre-commissioning and by the month end it will be commissioned.

Shares of IMP POWERS LTD. was last trading in BSE at Rs.88.6 as compared to the previous close of Rs. 78.5. The total number of shares traded during the day was 6389 in over 67 trades.

The stock hit an intraday high of Rs. 91.5 and intraday low of 82. The net turnover during the day was Rs. 570908.

Source : Equity Bulls

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