SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Century Enka to acquire additional shares of ABREL Century Energy

18 Aug 2022 Evaluate

Century Enka has applied for an additional 2155400 equity shares of ABREL Century Energy (ABRELCEL), a Special Purpose Vehicle (SPV) by way of right issue. The said acquisition is required to maintain minimum 26% of the equity shares of the Power Producer to qualify as a Captive User of the Power Producer as per the provisions of the Electricity Act, 2003 read with Electricity Rules, 2005.

ABRELCEL was incorporated on March 10, 2022 as a SPV for the purpose of setting up of captive power projects i.e., electric power generation through wind & solar.

Century Enka (CEL) has emerged a reputed producer of high quality Nylon Tyre Cord Fabric (NTCF) used as reinforcement material in bias tyres and Nylon Filament Yarn (NFY) used mainly by apparel industry.

Century Enka Share Price

436.55 7.50 (1.75%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×