Roto Pumps Ltd board approves proposal to pursue new business opportunities

The Board of Directors of Roto Pumps Ltd at its meeting held on March 31, 2021 has approved to pursue new business opportunities as identified as per below:

- Downhole Pumps for artificial lifts and Mud Motors for drilling of wells in oil & gas industry involving a Capex of Rs. 40.00 Crores in FY22.

- Solar Pumping Systems under a new wholly owned subsidiary (WOS) with an initial capex of Rs. 11.00 Crores in FY 22. WOS has been incorporated with the name and style of Roto Energy system Limited.

Shares of ROTO PUMPS LTD. was last trading in BSE at Rs.139.75 as compared to the previous close of Rs. 140. The total number of shares traded during the day was 8033 in over 177 trades.

The stock hit an intraday high of Rs. 143 and intraday low of 139.1. The net turnover during the day was Rs. 1131706.

Source : Equity Bulls

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