The share of this real estate company gained up to 0.32 percent after the company announced the acquisition of 80,563 equity shares of Rs 15.01 crore.
Elpro International Ltd is a small-cap company with a market capitalization of Rs 1,549.38 crores. The company shares were trading at Rs 91.50 a share, a decrease of 2.07 percent from the previous close price of Rs 93.43 a share.
Elpro International Ltd announced the purchase of 80,563 equity shares of Central Depository Services (India) Ltd for Rs 15.01 crore. The acquisition is for investment purposes, and cash consideration is included in the exchange filing.
In order to harness solar energy and turn it into electricity through the Power Purchase Agreement (“PPA”) model, Elpro International Ltd installed solar power on the rooftop of Elpro City Square Mall in Pune, Maharashtra, India. This reduces our reliance on conventional energy sources.
Looking into the company’s performance, Elpro International Ltd’s revenue increased by 46 percent from Rs 24 Crore in Q2FY23 to Rs 35 Crore in Q2FY24. During the same period, net profits decreased by 5 percent from Rs 19 crore to Rs 18 crore.
Primary, secondary, and tertiary treatment techniques are used to handle all of the sewage and wastewater from the kitchen at the Elpro International Ltd.-installed sewage treatment plant at Elpro City Square Mall in Pune, Maharashtra, India.
The total amount of effluent released is 325 KLD. After reaching a steady state, Elpro International Ltd proposed a wastewater treatment system that lowers total suspended solids, chemical oxygen demand, biological oxygen demand, and oil and grease while raising the pH of the wastewater to 6.5 to 8.5.
Elpro International Limited is involved in windmill operations, equity investment in third parties, construction and development of real estate properties, and the manufacturing of surge arresters.
Written by:- Abhishek Singh
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