Electrosteel Castings forms JV with Dart Energy; stocks up
Electrosteel Castings has entered into a joint venture agreement with Dart Energy for the purpose of its captive Parbatpur coal mine degassing project.
By ET Bureau | Updated:
MUMBAI: Electrosteel Castings has entered into a joint venture agreement with Dart Energy for the purpose of its captive Parbatpur coal mine degassing project.
The company intends to make this JV self sustainable by realising the economic benefits of clean development mechanism (carbon credits) benefits. The company will own a 70 per cent stake and Dart will hold the remaining 30 per cent stake.
The stock was at Rs 32.80, up 3.96 per cent on the NSE. It touched a high of Rs 33.75 and low of Rs 32 in trade so far.
The company intends to make this JV self sustainable by realising the economic benefits of clean development mechanism (carbon credits) benefits. The company will own a 70 per cent stake and Dart will hold the remaining 30 per cent stake.
The stock was at Rs 32.80, up 3.96 per cent on the NSE. It touched a high of Rs 33.75 and low of Rs 32 in trade so far.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
ONGC to give 10-25% stake in CBM blocks to Dart EnergyADVERTISEMENT
