HBL Power Systems gains on plans to roll-out solar power assisted motor based rickshaw

09 Dec 2011 Evaluate

HBL Power Systems is currently trading at Rs. 16.95, up by 0.05 points or 0.30% from its previous closing of Rs. 16.90 on the BSE.

The scrip opened at Rs. 16.10 and has touched a high and low of Rs. 17.20 and Rs. 16.10 respectively. So far 4604 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 29.60 on 05-Jan-2011 and a 52 week low of Rs. 12.20 on 18-Aug-2011.

Last one week high and low of the scrip stood at Rs. 17.25 and Rs. 16.00 respectively. The current market cap of the company is Rs. 427.57 crore.

The promoters holding in the company stood at 73.06% while Institutions and Non-Institutions held 9.37% and 17.57% respectively.  

HBL Power Systems, a Rs 1,000-crore company, has build up a solar power assisted, motor-based rickshaw to move goods in small cities aiming  corporates  eager to earn green mileage. The company has designed the rickshaw to carry a freight of 250 kg, at a speed of up to 24 km per hour.

The rickshaw is priced at about Rs 90,000, and gives a mileage of 40 km on a single battery charge. The product is intended at replacing non-motorized cycle rickshaws that have much slower speed. HBL has based its product on Soleckshaw, a solar power battery assisted, pedalled rickshaw developed by CSIR and CMERI, Durgapur.

In January the company will start the pilot trials of rickshaw. HBL Power Systems has approached various retailers with this model, and claims that it has received good response from customers. Further, the company has fitted devices to prevent over-loading and over-speeding to improve longevity of the product.

HBL Power Sys Share Price

504.90 7.55 (1.52%)
03-Jun-2024 13:58 View Price Chart
Peers
Company Name CMP
Exide Inds 504.00
Amara Raja Energy 1199.00
HBL Power Sys 504.90
Eveready Inds. India 332.45
Indo-National 587.90
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