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Isgec Completes 26% Stake Acquisition in FPEL HR1 Energy

Story Highlights
  • Isgec operates in the engineering and manufacturing industry, offering industrial equipment globally.
  • Isgec finalizes 26% stake acquisition in FPEL HR1, marking a strategic shift towards renewable energy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Isgec Completes 26% Stake Acquisition in FPEL HR1 Energy

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An announcement from ISGEC Heavy Engineering Ltd. ( (IN:ISGEC) ) is now available.

Isgec Heavy Engineering Ltd. has announced the completion of its acquisition of a 26% equity stake in FPEL HR1 Energy Private Limited, following the execution of a Solar Power Purchase Agreement and Shareholder Agreements earlier this year. This move signifies the company’s strategic initiative to diversify into renewable energy, strengthening its stance in the sustainable energy sector and enhancing its value proposition for stakeholders.

More about ISGEC Heavy Engineering Ltd.

Isgec Heavy Engineering Ltd. operates in the engineering and manufacturing industry, offering a wide range of services and products including industrial equipment, and has a significant presence in both domestic and international markets.

Average Trading Volume: 6,233

Technical Sentiment Signal: Hold

Current Market Cap: 60.44B INR

See more data about ISGEC stock on TipRanks’ Stock Analysis page.

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