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
