Taylormade Renewables is currently trading at its upper limit of Rs. 670.55, up by 31.90 points or 4.99% from its previous closing of Rs. 638.65 on the BSE.
The scrip opened at Rs. 670.55 and has touched a high and low of Rs. 670.55 and Rs. 670.55 respectively. So far 3600 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 719.00 on 18-Aug-2023 and a 52 week low of Rs. 24.30 on 22-Nov-2022.
Last one week high and low of the scrip stood at Rs. 670.55 and Rs. 515.20 respectively. The current market cap of the company is Rs. 743.83 crore.
The promoters holding in the company stood at 63.09%, while Non-Institutions held 36.91% stake in the company.
Taylormade Renewables (TRL) has become an ‘Industrial Partner’ with Indian Oil Corporation (IOCL) for its projects related to Net Zero Carbon Emission & Energy Efficiency Improvement. IOCL will provide its requirement and proposed design which will be implemented by TRL in design and production of such systems and implemented at IOCL and other PSUs.
The pilot project work order from Indian Oil Corporation, R&D Centre, India for Solar Thermal Energy System (STES). The work order is for a dual axis tracking parabolic dish based Solar Thermal Energy system for process heat to be designed as per IOCL recommendations. The system will be customized and it will be fabricated as per the IOCL requirement and will be integrated with an existing boiler at IOCL Lube Oil Blending Plant, Asaoti for process heat augmentation through preheating of boiler feed water upto 80 - 90° C. The system will consist of 5 dishes of 92 Sq. M. each.
The projects is aimed to lower the fossil fuel use for Thermal Energy needs in production. Once successfully completed this project, it can be implemented at all IOCL refineries and other PSUs. By implementing such projects IOCL can achieve its Net Zero Carbon Emission targets.
Taylormade Renewables is primarily engaged in providing renewable energy solutions.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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