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Excel Realty N Infra to enter renewable power segment through Joint Venture

New Delhi [India], October 17 (ANI/PNN): 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 suppo ....

New Delhi , Renewable Energy , Realtyn Infra Ltd , Information Technology , Solar Energy Corporation Of India , Union Budget , Rooftop Solar Programme Phase Il , Mumbai Based Excel Realtyn Infra Ltd , Joint Venture , Seven Greens Solar Systems , Solar Energy Corporation , New Delhi India , Ctober 17 Ani Pnn Bse And Nse Listed , Mumbai Based Excel Realtyn Infra Ltd , Ngaged Into Realty And Information Technology Sector Is Planning To Diversify Solar Power Segment The Company Looking Forward Willing Explore Business Opportunities In Renewal Energy By Entering Of Enter Joint Venture Jv With Seven Greens Systems Pvt Ltd Expects Double Its Turnover Gross Profits After Future Demand Initiative Taken Central Government Boost This , He Company Would Benefit Substantially Earlier , He Company Had Announced The Issue Of Bonus Shares In Ratio 1 2 One New Equity Share For Every Two Existing Held And Stock Split From Rs 10 To Indian Renewable Energy Sector Is Fourth Most Attractive Market World With Increased Support Government Improved Economics , He Sector Has Become Attractive From An Investors Perspective As India Looks To Meet Its Energy Demand On Own , Hich Is Expected To Reach 15 , 820 Twh By 2040 , Enewable Energy Is Set To Play An Important Role The Government Plans Establish Renewable Capacity Of 523 Gw Including 73 From Hydro By 2030 Country Targeting About 450 Gigawatt Installed 280 Over 60 Per Cent Expected Solar India Has Also Taken Various Step Boost 39s Sector Like In Union Budget 2022 23 , He Allocation For The Solar Energy Corporation Of India Seci , Hich Is Currently Responsible For The Development Of Entire Renewable Energy Sector , Tood At Rs 1 , 000 Crores Usd 132 Million In The Budget , He Government Allocated Rs 19 ,

Excel Realty N Infra to Enter Renewable Power Segment through Joint Venture

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. ....

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