Home India DPSC’s subsidiary joins hands with Punj Lloyd Infrastructure to develop solar assets
DPSC’s subsidiary joins hands with Punj Lloyd Infrastructure to develop solar assets

DPSC’s subsidiary joins hands with Punj Lloyd Infrastructure to develop solar assets

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DPSC Ltd.’s wholly owned subsidiary, India Power Green Utility has agreed to co-develop 20 MW(10 MW each) of solar projects in association with Punj Lloyd Infrastructure, to be executed by PL Sunrays Ltd., & PL Solar Renewable Ltd., the wholly owned subsidiaries of Punj Lloyd Infrastructure.

As per the transaction, India Power Green Utility has acquired 49% of shareholding in PL Sunrays Ltd., & PL Solar Renewable Ltd.

Established in the year 1919, DPSC Limited has emerged as an esteemed Power company in West Bengal with a track record of performance in introducing state-of –the –art Power technologies.

DPSC has over the years prioritized Generation, Transmission & Distribution of power within its command area in W.B.

The Thermal Power Stations of the company are located at Dishergarh, Chinakuri, & Solar Power at Seebpore in association with West Bengal Green Energy Development Corporation Limited (WBGEDCL).

Stock view:

India Power Corporation Ltd opened at Rs 43.65 and has touched a high and low of Rs 43.65 and Rs 41.7 respectively.

So far 12320(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4221.38 crore.

The BSE group ” stock of face value Rs 1 has touched a 52 week high of Rs 48.6 on 16-Jan-2017 and a 52 week low of Rs 14.5 on 23-Mar-2016.

Last one week high and low of the scrip stood at Rs 43.85 and Rs 40.25 respectively.

The promoters holding in the company stood at 68.31 % while Institutions and Non-Institutions held 0.13 % and 31.56 % respectively.

The stock is currently trading above its 50 DMA.

Source:indiainfoline
Anand Gupta Editor - EQ Int'l Media Network

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