Friday 2 August 2013

ITC strengthens on plan to set up windmills in Andhra Pradesh

ITC is currently trading at Rs. 340.30, up by 1.85 points or 0.55% from its previous closing of Rs. 338.45 on the BSE.

The scrip opened at Rs. 341.00 and has touched a high and low of Rs. 343.90 and Rs. 339.40 respectively. So far 86569 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 380.00 on 24-Jul-2013 and a 52 week low of Rs. 251.10 on 17-Sep-2012.

Last one week high and low of the scrip stood at Rs. 372.50 and Rs. 336.00 respectively. The current market cap of the company is Rs. 270705.36 crore.

The institutions and non-institutions held 53.43% and 46.27% stake in the company, respectively.

ITC, the diversified conglomerate is planning to set up windmills in Andhra Pradesh. It is likely to spend nearly Rs 300 crore for the same. With this initiative, the company aims to add 48 MW wind power generation capacity by early next fiscal. At present it has a 70 MW wind farm capacity, mostly in Tamil Nadu.

The company’s info-tech park in Bangalore is completely powered by renewable energy. Five of ITC’s hotels - Windsor and Gardenia in Bangalore, Grand Chola in Chennai, Maratha in Mumbai and Rajputana in Jaipur -are also powered by renewable energy.

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