TGV SRAAC Limited invests Rs. 66.59 crore in Andhra Pradesh Gas Power Corporation Ltd

The Board of Directors of TGV SRAAC Limited has taken notice of investment in M/s. Andhra Pradesh Gas Power Corporation Limited (APGPCL) Equity Shares of 29.49 MW equivalent shares (1 MW= 2,68,000 Shares) for a total consideration of Rs.66.59 Cr by the Company by participating in the Tender floated by APGPCL/negotiation in terms of authority given by the Board in its meeting Dt.10.08.2020. The Company made this investment to be eligible to draw 29.49 MW power from APGPCL. This also to inform that the tariff rates of APGPCL is comparatively cheaper to other sources of power supply.

Shares of TGV Sraac Ltd was last trading in BSE at Rs.22.95 as compared to the previous close of Rs. 22.3. The total number of shares traded during the day was 149872 in over 406 trades.

The stock hit an intraday high of Rs. 23.55 and intraday low of 22.5. The net turnover during the day was Rs. 3455750.

Source : Equity Bulls

Keywords