Bengaluru, Feb. 7 -- Share price of a company engaged in the business of manufacturing Ferro Alloy metals hit a new all-time high at Rs. 173.0 on Wednesday after the company board approved to install 4.5 MWP solar power plant.

With a market cap of Rs. 159 crore, shares of Jainam Ferro Alloys (I) Ltd. opened at Rs. 144.50 on February 7th, compared to its previous close of Rs. 136.85. The stock is currently trading at Rs. 150.50, up by 9.97 percent.

According to the recent filings on NSE, the Board approved Electromech Devices Manufacturing Company (EDMC) to set up the 4.5 MWP Captive Solar Power plant.

In addition, the Plant is expected to be operational by 31st March 2024 and will be located at the land situated at Village-Mehrumkala, ...