RattanIndia Power Limited to develop surplus land at Amravati

The Board of Directors of RattanIndia Power Limited in its meeting held on June 25, 2022, decided that subject to the approval from the shareholders of the Company ("Shareholders"), the Company do enter into a Related Party Transaction with RattanIndia Enterprises Limited (REL) for entering into an arrangement for commercial development of surplus land admeasuring 421 acres, situated at Amravati Thermal Power Plant of the Company at Nandgaon Peth, Amravati.

Shares of RattanIndia Power Limited was last trading in BSE at Rs. 3.29 as compared to the previous close of Rs. 3.23. The total number of shares traded during the day was 5408030 in over 1351 trades.

The stock hit an intraday high of Rs. 3.38 and intraday low of 3.22. The net turnover during the day was Rs. 17767035.00.

Source : Equity Bulls

Keywords

RattanIndiaPower INE399K01017 RattanIndiaEnterprises CommercialDevelopment Amravati