Mukand shines on signing power delivery agreement with Tata Power Renewable Energy

Mukand Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500460 | NSE: MUKANDLTD

30 Oct 2023 Evaluate

Mukand is currently trading at Rs. 163.15, up by 6.10 points or 3.88% from its previous closing of Rs. 157.05 on the BSE.

The scrip opened at Rs. 158.40 and has touched a high and low of Rs. 163.65 and Rs. 155.85 respectively. So far 9412 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.00 on 05-Sep-2023 and a 52 week low of Rs. 101.00 on 28-Nov-2022.

Last one week high and low of the scrip stood at Rs. 173.90 and Rs. 150.25 respectively. The current market cap of the company is Rs. 2340.11 crore.

The promoters holding in the company stood at 74.70%, while Institutions and Non-Institutions held 1.25% and 24.05% respectively.

Mukand has signed Power Delivery Agreement (PDA) with Tata Power Renewable Energy (TPREL), a prestigious subsidiary of Tata Power and a key player in the renewable energy sector, for a cutting-edge 43.75 MW AC Group Captive Solar project. Located at Jamkhed in Maharashtra, the installation will generate 99.82 MUs, annually.

This clean energy project is expected to offset 54687 Metric Tons CO2 emission per year. The aim of the installation is to meet the energy requirements of Mukand and contribute to making their steel manufacturing processes and production greener. TPREL will undertake the construction, operation, and maintenance of this group captive solar power plant.

Scheduled for commissioning by March 2024, this project places a significant emphasis on adhering to stringent quality standards and specifications. The solar power plant's primary objective is to fulfill Mukand’s energy needs while promoting environment-friendly practices within their stainless-steel manufacturing operations. With this project, TPREL reinforces its commitment in empowering its partners to adopt nonconventional energy solutions.

Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.

Mukand Share Price

133.25 0.30 (0.23%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	189.85
JSW Steel	1229.75
Steel Authority	170.00
Jindal Stainless	698.45
APL Apollo Tubes	1789.25
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