AIA Engineering Limited acquires stake in Green Shift Pvt Ltd for captive power supply

AIA Engineering Limited has acquired / subscribed total 12,000 Equity Shares of Rs. 100 of Green Shift Private Limited ("GSPL") for captive Power supply at Trichy Unit of the Company.

Green Shift Private Limited (GSPL) is an Indian Company, incorporated under Companies Act, 1956 on 22nd December, 2016. GSPL is a green power generator with the capacity of 2MW and able to generate around 38 Lakh units per annum with turnover of around Rs. 55.92 Lakhs per annum. Further proposed to install 8 to 10 MW in the coming financial years.

Shares of AIA Engineering Limited was last trading in BSE at Rs. 4532.55 as compared to the previous close of Rs. 4596.30. The total number of shares traded during the day was 3870 in over 724 trades.

The stock hit an intraday high of Rs. 4558.80 and intraday low of 4471.65. The net turnover during the day was Rs. 17456334.00.

Source : Equity Bulls

Keywords

AIAEngineering INE212H01026 StakeAcquisition SPV GreenShift CaptivePowerSupply Trichy