Gita Renewable Energy Limited was incorporated in year 2010. Following the order from Honourable High Court of Judicature at Madras dated 04.01.2013, the Scheme of Arrangement between Kanishk Steel Industries Limited, the Company, Chennai Ferrous Industries Limited and their respective shareholders was sanctioned and the Power Division of Kanishk Steel Industries Limited was vested with the Company, as a going concern. The Scheme was made effective on February 28, 2013. In terms of the said Scheme of Arrangement for Demerger, 1 (one) equity share in the Company of face value of Rs.10/- each as fully paid up for 7 equity shares of Rs.10/- each fully paid up held in Kanishk Steel Industries Limited was allotted. Accordingly, the Board of Directors of the Company allotted 4062296 numbers of E ...quity Shares of Rs.10/- each fully paid up on 19.04.2013 pursuant to the Scheme. The cost of acquisition of Equity Shares in Kanishk Steel Industries Limited and Chennai Ferrous Industries Limited and the Company were apportioned as follows: Kanishk Steel Industries Limited: 36.36%; Gita Renewable Energy Limited: 34.80% and Chennai Ferrous Industries Limited : 28.85%..
The Company was incorporated with the main objects to generate Power from renewable resources. In FY 2021-21, Company sold Properties, Plant, Machinery, equipment and liabilities relating to waste heat recovery plant and coal based thermal plant to the related party by way of slum sale as going concern basis. Remaining business of the Company was into the field of operation and maintenance of power generating units and others ancillary operations retained with the Company.
At present, Company is providing operations and maintenance (O&M) services for generating Renewable energy from non-conventional sources, including for projects constructed by third parties. The Company's operations are supported by a competent and engineering team which is responsible for designing solutions that is innovative and cost effective, to increase the performance ratio of various generation of renewable energy projects.
1. Can I buy Gita Renewable Energy Ltd from PL Capital? ›
Yes, you can invest in Gita Renewable Energy Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Gita Renewable Energy Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Gita Renewable Energy Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Gita Renewable Energy Ltd pay dividends? ›
Gita Renewable Energy Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Gita Renewable Energy Ltd ? ›
As of
05-12-2025 the share price for Gita Renewable Energy Ltd. is 93.05 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Gita Renewable Energy Ltd ? ›
The 52-week high and low of Gita Renewable Energy Ltd share price is ₹ 92.13 - ₹ 167.5 as of
05-12-2025 .
PL Ringside View
Our fireside chat series where industry experts and top management share valuable insights for our clients
