Shree Ganesh Jewellery House (SGJHL) has forayed into solar power generation business by purchasing controlling stakes in two companies that are Alex Astral Power and Alex Spectrum Radiation. The company has spend approximately Rs 100 crore for acquiring 55% equity stake in each of these solar PV (photovoltaic) companies.
After this deal, Alex Astral and Alex Spectrum have now become subsidiaries of SGJHL Group. Alex Astral Power has already commissioned a 25-MW solar power plant in Gujarat and Alex Spectrum is slated to commission a 5-MW solar project in Rajasthan in a week's time.
Shree Ganesh Jewellery House is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Its products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc.
| Company Name | CMP |
|---|---|
| Titan Co | 4526.30 |
| Kalyan Jewell.India | 426.90 |
| Rajesh Exports | 125.34 |
| Senco Gold | 326.45 |
| Thangamayil Jeweller | 4205.90 |
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