Firstly the promoter have issued warrants for stock buy back program
Secondly the promoter is issuing right issue : The funds of the rights issue to be predominantly used for acquisition of a 126-acre land plot. This land will be strategically employed for the establishment of both a solar power facility and a wind energy
installation. These sustainable energy sources will be harnessed to generate electricity, which, in turn, will be utilized for the production of green hydrogen via water electrolysis.
Here is what’s on my mind :
The first step that the company took – is to expand from 3000 TPA to 6000 TPA which is not yet LIVE.
From the current Presentation which you can see here
The demand for local market is 6000 TPA – and the company is firstly trying to cater domestic needs.
- I would say this was the perfect move from the management.
- 36000 TPA is the demand for the future prospectus and to cater the world needs, which will happen slowly – I presume.
Second
All the companies need to be follow ESG practices which is to have its own sustainable measure.
How does this help?
- Reduction in Cost
- Seeking investor attention/best industry 5.0 practice
- Saving Environment
Already the company has worked hard on all chemical aspect to be sustainable and now its trying to be sustainable and reliable in a energy aspect.
How does this help going forward?
Factor of production : Land, Labor, Capital, Entrepreneurship
In China the cost of the labor has gone high that there is no way of coming down on the wage and its economically feasible.
Same will happen to India going forward however if you could save cost in terms of energy, production etc that could balance out the odds and companies could earn profit by paying high wage to labor + free energy.
Now this is my thought and not a recommendation on anything…
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