Urja Global Limited to invest in expansion projects

The Board of Directors of Urja Global Limited at its meeting held on 16th March, 2022, which commenced at 11:00 AM and concluded at 11:55 PM has approved the proposal to invest and subscribe to additional shares aggregating to Rs. 2 Crores in wholly owned subsidiary of the company "Urja Batteries Limited" for enhancing production capacity.

The board also approved setting up of Assembling unit for assembling E-Scooters at Sampla, Haryana.

The board also approved appointment of Mr. Gaurav Aggarwal (DIN: 09200787) as Chief Executive officer (CEO) of the company.

Shares of Urja Global Limited was last trading in BSE at Rs. 20.35 as compared to the previous close of Rs. 19.57. The total number of shares traded during the day was 2383352 in over 7741 trades.

The stock hit an intraday high of Rs. 20.54 and intraday low of 18.76. The net turnover during the day was Rs. 48046248.00.

Source : Equity Bulls

Keywords

UrjaGlobal INE550C01020 UrjaBatteries ProductionCapacity Expansion EScooters AssemblingUnit