Latest news with #Rs.120
Business Upturn
12-07-2025
- Business
- Business Upturn
TGV SRAAC to set up additional 40 MW solar power plant at Rs 120 crore
TGV SRAAC has announced that its Board of Directors has approved the setting up of a new 40 MW solar power plant at an estimated cost of ₹120 crore. The decision was passed via circular resolution on July 12, 2025. The project will be funded through internal accruals and/or bank finance. The upcoming 40 MW solar plant is expected to be installed near TGV SRAAC's factory or at an alternate suitable location. This expansion aligns with the company's continued focus on sustainable energy and reducing its carbon footprint through clean power generation. Advertisement In the exchagne filings the copmany shared, 'We bring to your kind notice that the Board has given approval by way of Circular Resolution on 12.07 .2025 to the Company for setting up of further 40 MW Solar Power plant near to our Factory/elsewhere at a total approximate cost of Rs.120 Cr funded through internal accruals / Bank finance.' This latest move comes in addition to the company's earlier board approval for a 60 MW solar project—of which 37.90 MW has already been completed and is generating power, while the remaining 22.10 MW is under progress and advancing as planned.
Mint
21-05-2025
- Business
- Mint
Penny stock below ₹10: FMCG stock raises authorised capital from ₹120 crore to ₹160 crore
Penny stock below ₹ 10: Sarveshwar Foods share price fell over 1.25 per cent in Wednesday's trading session after the company announced that board has approved increase in authorised capital from ₹ 120 crore to ₹ 160 crore. At 12:35 pm, Sarveshwar Foods share price was trading at ₹ 7.09 apiece on National Stock Exchange (NSE). ' Approved increase in Authorised Capital of the Company from Rs.120,00,00,000(Rupees one Hundred and Twenty Crores only) consisting of 120,00,00,000 Equity shares of Re.1/- each to Rs.160,00,00,000(Rupees One Hundred consisting of 160,00,00,000 (One Hundred and Sixty Crores only) to member's approval,' the company said in an exchange filing. However, the decision is contingent upon approval from the company's members, the statement added. Authorized capital refers to the highest number of shares a company is legally permitted to issue, as defined in its Memorandum of Association (MoA). It provides a framework for organized ownership and supports the company's financial stability. Sarveshwar Foods share price saw a significant fall over 20 per cent in 2025, however, has gained over a per cent in one month. The penny stock has given multibagger returns to its long-term investors by soaring over 428 per cent in last five years. The FMCG stock has delivered a 13 per cent gain over the past two weeks. Over the past year, Sarveshwar Foods shares have dropped by 23 per cent. In September 2023, Sarveshwar Foods announced two corporate actions: a stock split and a bonus share issuance. The stock was first split in a 10:1 ratio, meaning each share was divided into ten. Following that, bonus shares were issued in a 2:1 ratio, granting two additional shares for every one held. Sarveshwar Foods, certified by the USFDA, operates in the production, trading, processing, and marketing of both branded and unbranded basmati and non-basmati rice for domestic and global markets.
Mint
21-05-2025
- Business
- Mint
Penny stock below ₹10: FMCG stock raises authorised capital from ₹120 crore to ₹160 crore
Penny stock below ₹ 10: Sarveshwar Foods share price fell over 1.25 per cent in Wednesday's trading session after the company announced that board has approved increase in authorised capital from ₹ 120 crore to ₹ 160 crore. At 12:35 pm, Sarveshwar Foods share price was trading at ₹ 7.09 apiece on National Stock Exchange (NSE). ' Approved increase in Authorised Capital of the Company from Rs.120,00,00,000(Rupees one Hundred and Twenty Crores only) consisting of 120,00,00,000 Equity shares of Re.1/- each to Rs.160,00,00,000(Rupees One Hundred consisting of 160,00,00,000 (One Hundred and Sixty Crores only) to member's approval,' the company said in an exchange filing. However, the decision is contingent upon approval from the company's members, the statement added. Authorized capital refers to the highest number of shares a company is legally permitted to issue, as defined in its Memorandum of Association (MoA). It provides a framework for organized ownership and supports the company's financial stability. Sarveshwar Foods share price saw a significant fall over 20 per cent in 2025, however, has gained over a per cent in one month. The penny stock has given multibagger returns to its long-term investors by soaring over 428 per cent in last five years. The FMCG stock has delivered a 13 per cent gain over the past two weeks. Over the past year, Sarveshwar Foods shares have dropped by 23 per cent. In September 2023, Sarveshwar Foods announced two corporate actions: a stock split and a bonus share issuance. The stock was first split in a 10:1 ratio, meaning each share was divided into ten. Following that, bonus shares were issued in a 2:1 ratio, granting two additional shares for every one held. Sarveshwar Foods, certified by the USFDA, operates in the production, trading, processing, and marketing of both branded and unbranded basmati and non-basmati rice for domestic and global markets. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
