Mumbai, October 7 (Udaipur Kiran): Shares of Isgec Heavy Engineering edged higher after the company announced it has signed agreements to acquire a 26% equity stake in FPEL HR1 Energy, a solar energy company based in Sirsa District, Haryana.
The stock is currently trading at ₹889.65, up ₹7.55 or 0.86% from its previous close of ₹882.10 on the BSE. It opened at ₹914.95 and touched an intraday high and low of ₹914.95 and ₹880.70, respectively. So far, 1,440 shares have been traded. The company’s market capitalization stands at ₹6,541.55 crore.
Over the past 52 weeks, the stock has hit a high of ₹1,677.25 (December 10, 2024) and a low of ₹842.05 (February 20, 2025). The promoters hold 62.43%, while institutions own 14.18% and non-institutional investors 23.39%.
The company has entered into a Solar Power Purchase Agreement and a Share Subscription and Shareholders’ Agreement with FPEL HR1 Energy, which operates a captive solar power plant in Haryana. The acquisition, valued at ₹2.24 crore, is part of Isgec’s plan to meet its green energy needs and optimize energy costs.
The transaction is expected to be completed within 60 days of executing the agreements.
Isgec Heavy Engineering Ltd. is a multi-product, multi-location engineering company providing comprehensive engineering solutions across industries worldwide.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.