TGV Sraac hits new 52-week high as board gives nod to 15MW Capacity addition to Solar Power Project

11 Aug 2022 , 10:12 AM

TGV Sraac Limited informed that the board has given in-principle approval to the Company for a 15MW capacity addition to the Solar Power Project.

The said approval is in addition to the previous approval accorded by the board for 25MW Solar Power as intimated earlier.

Following this development, the company’s counter hit a new 52-week high of Rs111.50, up nearly 20% against the previous close of Rs92.95 on BSE.

Further, out of the previously approved 25MW, the company has successfully commissioned 10MW Solar Power so far.

In the same meeting, the company also approved unaudited financial statements for the quarter ended June 30, 2022. It also informed that it has proposed to enter into an agreement with the main promoter T.G. Venkatesh for availing Advisory Services.