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An update from Rajshree Polypack Ltd. ( (IN:RPPL) ) is now available.
Rajshree Polypack Limited has entered into a long-term arrangement to source renewable energy by signing a term sheet with Jamnagar Renewables Two Private Limited for a group captive wind–solar hybrid power project with a contracted capacity of about 1.9 MW. The deal, which includes a proposed equity investment of roughly ₹2.03 crore and a 25-year tenure with a three-year lock-in and a minimum 95% power offtake commitment, is designed to meet the company’s power needs while advancing its sustainability goals, potentially lowering energy costs and reducing exposure to conventional grid tariffs, subject to final definitive agreements and required approvals.
More about Rajshree Polypack Ltd.
Rajshree Polypack Limited operates in the packaging sector, manufacturing plastic-based packaging solutions for consumer and industrial applications. The company focuses on serving domestic and export markets with an increasing emphasis on sustainability and energy-efficient operations to support its long-term growth and ESG objectives.
Average Trading Volume: 94,207
Technical Sentiment Signal: Sell
Current Market Cap: 1.23B INR
See more data about RPPL stock on TipRanks’ Stock Analysis page.