IMP Powers surges on entering into exclusive marketing, sales agreement with SHP

27 Jul 2016 Evaluate

IMP Powers is currently trading at Rs. 93.95, up by 1.05 points or 1.13% from its previous closing of Rs. 92.90 on the BSE.

The scrip opened at Rs. 96.50 and has touched a high and low of Rs. 96.85 and Rs. 93.15 respectively. So far 701 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.95 on 22-Apr-2016 and a 52 week low of Rs. 47.50 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 96.85 and Rs. 86.00 respectively. The current market cap of the company is Rs. 80.45 crore.

The promoters holding in the company stood at 52.99%, while Institutions and Non-Institutions held 3.52% and 43.49% respectively.

IMP Powers has entered into an Exclusive Marketing & Sales agreement with Smart Hydro Power GmbH (Germany) (SHP) to strengthen the solutions for renewable energy source in India. As per the agreement, the company will exclusively market 5kw kinetic energy turbines initially in India. This arrangement will then be extended for marketing in other select countries also.

This path-breaking technology of SHP focuses on the application of the Free Stream Turbine in India along with its world-wide presence. The Free Stream Turbines also known as zero head or in-stream turbines are powered by kinetic energy instead of the conventional hydro power project which uses Potential energy. They can be installed in canals, tail races of conventional hydropower plants, rivers & free-flowing streams.

IMP Powers is a 55 year old listed transformer manufacturing company and a market leader of up to 400kV class transformers. Smart Hydro Power, a German engineering company having won several awards for its smart products, focuses on providing decentralized energy solutions.

 

IMP Powers Share Price

6.06 0.00 (0.00%)
28-Dec-2023 17:59 View Price Chart
Peers
Company Name CMP
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Siemens 7790.30
Apar Inds 8365.40
ABB India 9021.85
CG Power & Indl.Soln 688.50
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