{"id":114011,"date":"2023-11-20T14:15:54","date_gmt":"2023-11-20T08:45:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114011"},"modified":"2023-11-20T14:17:54","modified_gmt":"2023-11-20T08:47:54","slug":"stock-hits-5-upper-circuit-after-it-partners-with-iocl-for-net-zero-carbon-emission-projects","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-it-partners-with-iocl-for-net-zero-carbon-emission-projects\/","title":{"rendered":"Energy stock hits 5% upper circuit after it partners with IOCL for net zero carbon emission projects"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1298702951\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Multibagger renewable energy solutions provider hit a 5 percent upper circuit in the day\u2019s trade after it signed a contract worth Rs. 1.59 Crore and became an industrial partner with Indian Oil Corporation Limited (IOCL).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2608098310\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/541228\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Taylormade Renewables Limited<\/a><\/strong> hit a 5 percent upper circuit in the day\u2019s trade at Rs. 670.55 and its market capitalization is Rs. 736.76 Crores.\u00a0<\/p><p>Taylormade Renewables Limited(TRL) has signed a project worth Rs. 1.59 Crore, with Indian Oil Corporation Limited (IOCL) and become an industrial partner with IOCL for its projects related to Net Zero Carbon Emission &amp; Energy Efficiency Improvement.&nbsp;<\/p><p>As per the contract, IOCL will provide its requirement and proposed design which will be implemented by TRL in the design and production of such systems and implemented at IOCL and other PSUs.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3096931148\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The work order is for a dual-axis tracking parabolic dish-based solar thermal energy system (STES) for processing the heat and it is to be designed as per IOCL recommendations. The project is aimed to lower the fossil fuel use for Thermal Energy needs in production.&nbsp;<\/p><p>Once the project is successfully completed, it can be implemented at all IOCL refineries and other PSUs. By implementing such projects IOCL can achieve its Net Zero Carbon Emission targets.&nbsp;<\/p><p>It has delivered multi-bagger returns of 2,660 percent in a year and 86 percent in the last 6 months. A shareholder&#8217;s investment of Rs. 1 lakh in the company would be worth Rs. 27.60 lakhs in a year.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 226.03 percent from Rs. 6.07 Crore in FY22 to Rs. 19.79 Crores in FY23, accompanied by increasing profits of Rs. 0.16 Crore to Rs. 1.97 Crore.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 10.28 percent and a return on capital employed (ROCE) of 13.56 percent, it is making good returns on its equity and capital employed, considering its profitability ratios are increasing.&nbsp;<\/p><p>Taylormade Renewables Limited is engaged in providing renewable energy solutions and it specializes in manufacturing Solar Parabolic Concentrating Systems for steam generation used in steam cooking and other industrial applications etc.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1323817201\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2088822576\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Multibagger renewable energy solutions provider hit a 5 percent upper circuit in the day\u2019s trade after it signed a contract worth Rs. 1.59 Crore and became an industrial partner with Indian Oil Corporation Limited (IOCL).&nbsp; The shares of Taylormade Renewables Limited hit a 5 percent upper circuit in the day\u2019s trade at Rs. 670.55 and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,14525,14526,14524],"class_list":["post-114011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-taylormade-renewables-latest-news","tag-taylormade-renewables-partnership-with-iocl","tag-taylormade-renewables-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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