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12-Feb2019

Urja Global shines on getting nod to ink MoU with E-trio Automobiles

Urja Global is currently trading at Rs. 3.50, up by 0.22 points or 6.71% from its previous closing of Rs. 3.28 on the BSE.

The scrip opened at Rs. 3.37 and has touched a high and low of Rs. 3.60 and Rs. 3.37 respectively. So far 406824 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 9.02 on 15-Feb-2018 and a 52 week low of Rs. 1.60 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 3.60 and Rs. 2.90 respectively. The current market cap of the company is Rs. 178.54 crore.

The promoters holding in the company stood at 33.52%, while Institutions and Non-Institutions held 0.78% and 65.69% respectively.

Urja Global has received approval for signing of Memorandum of understanding (MoU) with E-trio Automobiles for proving Technical assistance for retrofitting of old cars to make e-cars. The Board of Directors of the Company at its meeting held on February 11, 2019 has approved the same.

The board has considered the investment of Rs 50 crore in proposed Urja University as industry partner for its establishment in Kaladera, Jaipur in the state of Rajasthan. The board has also considered the proposal of manufacturing of lithium ion Batteries in Northern Region by the wholly owned subsidiary -- Urja Batteries of the company.

Urja Global is a non-renewable and renewable energy developer and operator. It is engaged in design, consultancy, integration, supply, installation, commissioning and maintenance of off-grid and grid connected solar power plants.


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