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Indo Rama Synthetics sells 30 MW wind project to Tata Power

Indo Rama Synthetics sells 30 MW wind project to Tata Power

The company has completed disposal process of its 100% subsidiary, Indo Rama Renewables Jath Limited, having 30 MW Wind Farm in Maharashtra to Tata Power Renewable Energy

Indo Rama Synthetics (India) Ltd has now informed BSE that Indo Rama Renewables has completed disposal process of its 100% subsidiary, Indo Rama Renewables Jath Limited, having 30 MW Wind Farm in Maharashtra to Tata Power Renewable Energy Limited on May 19, 2016.

Stock view:

Indo Rama Synthetics (India) Ltd ended at Rs. 31.2, down by Rs. 0.8 or 2.5% from its previous closing of Rs. 32 on the BSE. The scrip opened at Rs. 32.4 and touched a high and low of Rs. 32.75 and Rs. 31 respectively. A total of 116792(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 473.68 crore.

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