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Sportking India gets nod for investment in equity share capital of M/s Evincea Renewable Two

28 Oct 2024 Evaluate

Sportking India has received in-principle approval from board of directors for investment of 26% i.e. Rs 12.09 crore in the Equity Share Capital of M/s Evincea Renewable (Two), a special purpose vehicle (SPV) inter-alia engaged in supply of solar power. The Evincea Renewable (Two) will commission the Solar Power Plant with capacity of 40.3 MW for supply of power to Company`s Bathinda and Ludhiana Unit for period of 25 years. The schedule commencement of power supply period is tentatively 15 months and company is expecting saving in power cost about 10-12%.

Sportking India is engaged in Yarn manufacturing, Textile Processing, Knitted Fabric, Garment and Retail.

Sportking India Share Price

221.70 -2.50 (-1.12%)
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