OK Play takes a giant leap against Air Pollution in India

OK Play India Limited, through its recently acquired wholly owned subsidiary, MRH Technologies Private Limited, has entered into an agreement with MANN+HUMMEL Filter Private Limited (MHIN), a subsidiary of the MANN+HUMMEL Group, Germany to act as its sole and exclusive distributor to promote, distribute, supply, install and service its revolutionary new product- "PureAir Mobile Fine Dust Particle Filter Roof Boxdesigned to combat the life threatening, hazardous menace of air pollution.

MANN+HUMMEL is a 4.8 Billion Euro German MNC having operations in over 80 countries and being present in India since the last 18 years. Leveraging their advanced filtration techniques and the state-of-the-art technology, MANN+HUMMEL has developed a dependable and potent product in combating fine dust pollution by efficiently capturing hazardous fine dust particles, including PM2.5 and PM10, from ambient air. The same has been successfully productionised and tested. The product has been designed to be mounted on vehicles as well as on stationary locations.

Commenting on the agreement, Mr. Rajan Handa, Managing Director, said: "We are extremely delighted to announce our arrangement with MANN+HUMMEL, a prominent global leader and recognized authority in the field of air filtration solutions. This agreement holds significant importance, not only for the Company but also for the Nation as it has the potential to be a transformative remedy for addressing air pollution in India.

Air pollution poses significant detrimental consequences on public health and the environment. The well documented adverse effects of particulate matter include detrimental impacts on respiratory systems, cardiovascular health, and overall quality of life. Moreover, the elevated levels of Air Quality Index (AQI) pose a serious threat to the youth and future generations, necessitating an urgent and strategic response. Additionally, according to a report published by Dalberg Advisors, Blue Sky Analytics and the Confederation of Indian Industry (Cll), Indian businesses incur losses of over Rs. 7 lakh crores annually as government imposes restrictions on construction and manufacturing activities to curb the effects of air pollution.

In contrast to prevailing preventive measures, this product offers a cure to combat the menace of air pollution. With the introduction of this product, we aspire to lead the initiative in mitigating air pollution and promoting cleaner air.

The launch of the product is anticipated soon, and we pledge determined efforts to ensure that the public breathes cleaner air, fostering improved health for the citizens of our country."

Shares of OK PLAY INDIA LTD. was last trading in BSE at Rs. 149.05 as compared to the previous close of Rs. 135.50. The total number of shares traded during the day was 124213 in over 832 trades.

The stock hit an intraday high of Rs. 149.05 and intraday low of 141.65. The net turnover during the day was Rs. 18321126.00.

Source : Equity Bulls

Keywords

OKPLAYINDIA INE870B01016 AirPollution Agreement MANNHUMMELFIlter Distributor