Nelcast gives a green push, to commission an in-house solar plant at Pedapariaya Unit

Nelcast Ltd (referred to as the "Company"; NSE Symbol: NELCAST, BSE Scrip Code: 532864), a leading producer of Ductile and Grey Iron castings in India, announced the commissioning of solar power plant as part of its clean, renewable energy commitments.

Nelcast Limited, a company committed to environmental safety and stakeholder responsibility, has announced a successful installation of in-house 1 MW solar power plant at its Pedapariaya Plant in Andhra Pradesh.

This initiative serves as the company's stride towards the reduction of its carbon footprint and a transition to green energy solutions. Embracing renewable energy at its facility will considerably reduce carbon emissions.

Commenting on the development, Mr. Deepak Reddy Ponnavolu, Managing Director & CEO of Nelcast, said "We believe that such initiatives are a small yet significant commitment towards a greener future while contributing towards the nation's clean energy goals as well. This initiative reaffirms Nelcast Limited's commitment to sustainability and economic efficiency and will also reduce our carbon footprint.

Shares of Nelcast Limited was last trading in BSE at Rs. 142.80 as compared to the previous close of Rs. 143.30. The total number of shares traded during the day was 2630 in over 113 trades.

The stock hit an intraday high of Rs. 146.20 and intraday low of 142.00. The net turnover during the day was Rs. 378410.00.

Source : Equity Bulls

Keywords

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