SBEC Systems India Ltd to set up Solar on Grid System Project

The Board of directors of SBEC Systems (India) Limited has approved the setting up a new line of business of Solar on Grid System Project, the said project is to be set up at Modi Arc Electrode Company (A Unit of Modi Industries Limited) Modi Industries Compound, Delhi-Meerut Road, Modinagar-201204.

With the growing demand for Solar Energy, and with the initiative and encouragement of the Government of India through various incentive schemes, the Company would like to avail the benefits arising from the growing demands of the proposed new products.

Approximately Rs. 5 Crores or such other amount as may be amended by the Board of Directors from time to time will be invested in the above business.

Shares of SBEC SYSTEMS (INDIA) LTD. was last trading in BSE at Rs. 26.14 as compared to the previous close of Rs. 24.90. The total number of shares traded during the day was 10905 in over 68 trades.

The stock hit an intraday high of Rs. 26.14 and intraday low of 23.70. The net turnover during the day was Rs. 281957.00.

Source : Equity Bulls

Keywords

SBECSYSTEMSINDIA INE689V01018 NewBusiness SolaronGridSystem