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IMP Powers surges on foraying into renewable energy space

08 Jun 2018 Evaluate

IMP Powers is currently trading at Rs. 91.00, up by 2.40 points or 2.71% from its previous closing of Rs. 88.60 on the BSE.

The scrip opened at Rs. 92.00 and has touched a high and low of Rs. 92.00 and Rs. 86.05 respectively. So far 302 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 131.40 on 17-Jan-2018 and a 52 week low of Rs. 71.80 on 23-Aug-2017.

Last one week high and low of the scrip stood at Rs. 92.00 and Rs. 75.50 respectively. The current market cap of the company is Rs. 76.52 crore.

The promoters holding in the company stood at 52.99%, while Non-Institutions held 47.01% stake in the company.

IMP Powers has successful forayed into the renewable energy space with an emphasis on ‘Make in India’ by contributing and supporting in its own way. The company has crossed the first hurdle in terms of successful trial completion upto May 31, 2018 and 4x5 kW turbines are generating power at a record of 70% PLF and has fed more than 80000kWh units till now in the grid. With this, IMP is all set to further expand this technology all over the country. From Tune, the local assembly of Turbines has started in IMP Silvassa.

The company’s first Small Hydro Project Bairas 2X750 kWat drass which has worked all throughout the peak winter and generating upto 750KW (one plant commissioned) with no breaks in temperature upto -37 degree Celsius. The second Phase of Bairas with the capacity of 1x 750 KW is being commissioned this month.

The Second Project Sangrah (2x750kW) in Kargil is under pre-commissioning and by the month end it will be commissioned.

IMP Powers is a 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
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