India's Aether Industries rises on commissioning solar power project

SRF

30/12/2024 06:00

** Shares of specialty chemicals maker Aether Industries
 AETH.NS  rise as much as 2.9% to 895 rupees
    ** Co says 15 MW solar project to power its manufacturing
facilities is now operational
    ** Says the project is expected to deliver annual energy
cost savings exceeding 150 mln rupees ($1.8 mln)
    ** Avg rating of five analysts equivalent of "buy", median
PT is 1,104 rupees - LSEG data
    ** Rival SRF  SRFL.NS  rated "hold" - LSEG
    ** AETH down 0.2% YTD, SRFL down 9.2%

($1 = 85.4940 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))