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Urja Global board to invest in expansion projects; Stock sheds 4%

The board also approved appointment of Gaurav Aggarwal as Chief Executive officer (CEO) of the company.

March 17, 2022 10:51 IST | India Infoline News Service
Urja Global
The Board of Directors of Urja Global Limited at its meeting held on March 16, 2022 has approved the proposal to invest and subscribe to additional shares aggregating to Rs2 crore in wholly owned subsidiary of the company "Urja Batteries Limited" for enhancing production capacity.

As per regulatory filing, the board also approved setting up of Assembling unit for assembling E-Scooters at Sampla, Haryana.

Further, the board also approved appointment of Gaurav Aggarwal as Chief Executive officer (CEO) of the company.

At around 10:53 AM, Urja Global was trading at Rs18.79 apiece down by Rs0.84 or 4.28% on the BSE.

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