ESAB India Ltd to invest in SPV for procuring solar power

ESAB India Ltd proposes to procure electricity generated through solar power, from a power generating company. In this connection, the Company proposes to invest 26% of equity in a Special Purpose Vehicle which will generate and supply solar power to the Company.

The Board of Directors at its meeting held on 23rd March 2023 has approved the proposed investment of up to 26% equity in the Undertaking being formed for this special purpose for a value of up to Rs.1.5 Crores.

Shares of Esab India Limited was last trading in BSE at Rs. 3603.85 as compared to the previous close of Rs. 3592.60. The total number of shares traded during the day was 175 in over 38 trades.

The stock hit an intraday high of Rs. 3615.00 and intraday low of 3582.10. The net turnover during the day was Rs. 630167.00.

Source : Equity Bulls

Keywords

EsabIndia INE284A01012 Investment SPV SolarPower