2.1 MW Wind Power Project in Andhra Pradesh benefits Heritage Foods

 

2.1 MW Wind Power Project in Andhra Pradesh benefits Heritage Foods

Heritage Foods, one of the leading and fastest growing Public Listed Companies in India is currently trading at Rs 522.25, up by 1.50 points or 0.29% from its previous closing of Rs 520.75 on the BSE.

An increase and decrease of Rs. 523.25 and Rs. 519.25 respectively has been witnessed in the scrip that opened at Rs. 521.25. . So far 538 shares were traded on the counter.

The BSE group ‘B ‘ stock of face value Rs. 10 has touched a 52 week high of Rs. 594.00 on 12-Jan-2016 and a 52 week low of Rs. 280.00 on 08-May-2015.

Last one week high and low of the scrip stood at Rs. 529.75 and Rs. 515.50 respectively. The current market cap of the company is Rs. 1206.35 crore.

The promoters holding in the company stood at 39.90% while Institutions and Non-Institutions held 8.70% and 51.40% respectively.

The first Wind Power Plant 2.1 MW Capacity of Heritage Foods was commissioned on March 27, 2016 for captive consumption at Chinahothur Village Vajrakarur Mandal, Ananthapur District in Andhra Pradesh. Around 5 Million Units per annum are expected to be generated by this plant to be utilized/consumed at Gokul Dairy Plant and Chittoor Dairy Plant of the Company under captive open access arrangement through APTRANSCOM / APSPDCL.  It’s S90-97 90 Meters Hub Height potential to generate more Elect Units than regular WEGs one of the latest generation technology available in Indian Wind Power Market.

Suzlon Group Company will maintain the plant for the initial period of 10 years. The successful commissioning has largely been possible due to the unstinted efforts of Suzlon Group Company. The company’s professional approach helped it to achieve the plant commissioning within 90 Days connected to AP TRANSCO 33KV Pooling Sub Station at Vajrakarur Ananthapur, Andhra Pradesh.

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