RACL Geartech Powers Up with Rs 140 Lakh in Solar

RACL Geartech Ltd recently disclosed its commitment to invest up to ₹140 lakh in the equity shares of Sunsure Solarpark Ten Pvt Ltd, following approval from its board. The designated investment aims to facilitate captive solar power consumption, specifically geared towards mitigating power costs at the company's Gajraula plant in Uttar Pradesh.

This strategic move underscores RACL Geartech's dedication to sustainable energy solutions and financial efficiency. Through the infusion of funds into solar power infrastructure, the company seeks to harness renewable resources for its energy requirements, aligning with its broader goals of environmental responsibility and operational streamlining.

In the most recent trading session, RACL Geartech stock registered at ₹1,165.60 on the BSE, indicating a slight decrease of 0.33% as of 12:16 pm. This market response reflects the sustained interest from investors in companies embracing eco-friendly practices and integrating renewable energy solutions into their core operations.

News by Rahul Yelligetti