Hatsun Agro contributes to greener India using renewable energy sources
India’s leading private dairy company, Hatsun Agro Product Limited (HAP), has commissioned wind power plants with 24 MW capacity in Tuticorin district of Tamil Nadu. A solar plant with 550 KW capacity is getting ready to be commissioned during March 2017 in Dindigul district. These wind and solar projects are part of HAP’s ongoing efforts to promote the use of clean and green energy sources. The company’s continuous efforts to contribute to the greener India helps it to substantially reduce its energy costs. 73 million units of electricity per year is expected to get generated by the wind and solar projects costing Rs 180 cr. HAP procures milk from select fine quality cattle collected directly from over 3,00,000 farmers, chosen with care. The stock is showing weakness on Monday trading flat with slight negative bias.
Hatsun Agro Product Ltd is currently trading at Rs 465, down by Rs 5.1 or 1.08% from its previous closing of Rs 470.1 on the BSE. The scrip opened at Rs 470 and has touched a high and low of Rs 474 and Rs 465 respectively. So far 9587(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 7153.43 crore. The BSE group ‘B’ stock of face value Rs 1 has touched a 52 week high of Rs 475 on 02-Mar-2017 and a 52 week low of Rs 283.57 on 10-Mar-2016. Last one week high and low of the scrip stood at Rs 475 and Rs 445 respectively. The promoters holding in the company stood at 74.71 % while Institutions and Non-Institutions held 3.41 % and 21.88 % respectively. The stock is currently trading above its 50 DMA.