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Excel Realty N Infra to Enter Renewable Power Segment through Joint Venture
October 17: BSE and NSE listed, Mumbai based Excel Realty N Infra Ltd, engaged into Realty and Information Technology sector is planning to diversify into solar power segment. The Company is looking forward and is willing to explore business opportunities in renewal energy by entering into business of Solar segment. The company is planning to […]
October 17: BSE and NSE listed, Mumbai based Excel Realty N Infra Ltd, engaged into Realty and Information Technology sector is planning to diversify into solar power segment. The Company is looking forward and is willing to explore business opportunities in renewal energy by entering into business of Solar segment. The company is planning to enter into Joint Venture(JV) with Seven Greens Solar Systems Pvt. Ltd. The company expects to double its Turnover and Gross profits after entering into the JV. Looking to the future demand of renewal energy and initiative taken by the central government to boost this sector, the company would benefit substantially.
Earlier, the company had announced the issue of Bonus shares in the ratio of 1:2 (one new equity share for every two existing equity shares held) and stock split from Rs.10 to Rs. 1.
The Indian renewable energy sector is the fourth most attractive renewable energy market in the world. With the increased support of Government and improved economics, the sector has become attractive from an investors perspective.
