Aries Agro has commissioned its first Captive Solar Power generation unit with a capacity of 100 KW at its second largest manufacturing facility in Hyderabad on August 20,2014. Set up at a project cost of Rs 80.51 lakhs, this Solar Power generation will streamline the availability of power for manufacturing operations.
The project was considered essential to reduce the dependence of fossil fuels and erratic grid power supply in the State of Telangana and is expected to also result in an appreciable savings in power and fuel expenses.
The promoters holding in the company stood at 52.74% while Institutions and Non-Institutions held 7.24%and 40.02% respectively.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 99.50 on 7-Jul-2014 and a 52 week low of Rs 34.50 on 12-Nov-2013.
Current price of stock is 86.90, up by 3.85 points from its previous closing of Rs 83.05 on the BSE.
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