Aether Industries Limited on 15 MW solar power project

Out of the total order for 15 MW Solar Power Project (Auto-Tracker Modules) under Captive Power Producer (CPP) segment to M/s. KPIG Energia Private Limited (a Wholly Owned Subsidiary of M/s. KPI Green Energy Limited), on June 29, 2024, 5 MW Solar Power Plant was commissioned and became operational. This will be used for operation and manufacturing facilities of the Company and the said plant is likely to help the Company to save approximately not less than Rs. 60 million annually towards the electricity expense and add to the bottom line.

The remaining execution is scheduled to be completed in the current FY 2024-25 itself, in trenches, which shall be announced upon becoming operational.

This is Company's step forward towards continuous commitment to the sustainability, vide switching the energy requirement of the Company's manufacturing facilities to renewable energy sources.

Shares of Aether Industries Limited was last trading in BSE at Rs. 922.55 as compared to the previous close of Rs. 895.05. The total number of shares traded during the day was 87078 in over 6119 trades.

The stock hit an intraday high of Rs. 972.95 and intraday low of 905.00. The net turnover during the day was Rs. 82188614.00.

Source : Equity Bulls

Keywords

AetherIndustries SpecialtyChemicals INE0BWX01014 15MW SolarPowerProject CaptivePowerProducer