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18-Apr2019

INDSIL Hydro Power trades in green on the bourses

Indsil Hydro Power and Manganese is currently trading at Rs. 60.00, up by 0.35 points or 0.59% from its previous closing of Rs. 59.65 on the BSE.

The scrip opened at Rs. 60.40 and has touched a high and low of Rs. 61.00 and Rs. 59.05 respectively. So far 5531 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.00 on 03-May-2018 and a 52 week low of Rs. 50.00 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 62.90 and Rs. 59.00 respectively. The current market cap of the company is Rs. 166.62 crore.

The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 3.99% and 32.53% respectively.

INDSIL Hydro Power and Manganese's joint venture (JV) overseas subsidiary -- AI-Tamman Indsil Ferrochrome LLC (ATIFC) and Shell Development Oman (an arm of Shell PLC), Sohar Port and Freezone have jointly entered into an arrangement to develop a 25 MW Solar Power Plant in the Freezone for exclusive supply of Solar power to AI-Tamman Indsil Ferrochrome LLC's smelting operations.

This development is one of the first major solar power initiatives in Oman. This also marks the first part of ATIFC'S strategy to build eco-friendly, cost competitive and sustainable energy sources for its growing operations in Oman.

INDSIL Hydro Power and Manganese is engaged in the generation of electricity from its captive hydroelectric power plant in Kerala, India. The company also involves in ferro alloy smelting.


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