Himatsingka Seide Ltd board approves funding of Rs. 17.34 crore in wind electricity SPVs

Himatsingka Seide Ltd board approves funding of Rs. 17.34 crore in wind electricity SPVs

by admin- Friday, September 20th, 2019 04:40:15 PM

 

The Board of Directors of Himatsingka Seide Ltd at their assembly held on September 19, 2019, have authorized overall funding of approx. Rs.17.34 crores in Atria Wind Power (Basavana Bagewadi) Private Limited and Atria Wind Power (Chitradurga) Private Limited, Special Purpose Vehicles (SPV’s) of Atria Wind Power Limited, Bengaluru.

The Company proposes to procure electricity to satisfy part of the electricity requirements of the plant life on a sustainable foundation and make a contribution to discount in Carbon footprint. The stated idea could qualify below Group Captive Power Scheme.

Shares of HIMATSINGKA SEIDE LTD. Changed into closing buying and selling in BSE at Rs.One hundred forty.45 compared to the preceding close of Rs. 142.15. The general quantity of stocks traded throughout the day became 10112 in over 274 trades.

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