Eneraqua Technologies (ETP)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

38.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 298.00p
  • 52 Week Low: 35.50p
  • Currency: UK Pounds
  • Shares Issued: 33.22m
  • Volume: 202,643
  • Market Cap: £12.62m

Eneraqua inks £0.9m deal with Indian state government

By Josh White

Date: Tuesday 03 May 2022

LONDON (ShareCast) - (Sharecast News) - Energy and water efficiency technology company Eneraqua Technologies announced on Tuesday that its 'ClimateSmart Irrigation' product has been selected by the Department of Horticulture for the State Government of Uttarakhand in India.
The AIM-traded firm said the £0.9m contract would see it supply systems to 340 horticultural farms across the state, reducing carbon emissions and improving water efficiency.

It would be the first major zero-carbon irrigation initiative of its kind in India.

The company said the programme, scheduled to start in 2022 and complete in 2023, would see Eneraqua's India subsidiary Cenergist Energy deliver a package of water, energy and soil conservation solutions integrating its patented technology 'Control Flow HL2024'.

By efficiently managing water usage, it said it would help farmers to conserve water, improve crop yield and prevent soil erosion.

Solar photovoltaic technology would be used to power the irrigation systems.

Eneraqua said the project represented an "important step" towards the decarbonisation of the agriculture sector, and would provide a template for other states in India and beyond.

"We are delighted to be chosen by the State Government of Uttarakhand to support them in delivering this important programme," said chief executive officer Mitesh Dhanak.

"As well as reducing carbon emissions, this programme will also reduce pressure on water resources and improve the incomes of farmers.

"This offers an attractive template for other states looking to decarbonise the agricultural sector while meeting the challenges of sustainability."

At 1219 BST, shares in Eneraqua Technologies were up 9.84% at 279p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ETP Market Data

Currency UK Pounds
Share Price 38.00p
Change Today -1.50p
% Change -3.80 %
52 Week High 298.00p
52 Week Low 35.50p
Volume 202,643
Shares Issued 33.22m
Market Cap £12.62m

ETP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.05% above the market average69.05% above the market average69.05% above the market average69.05% above the market average69.05% above the market average
75.61% above the sector average75.61% above the sector average75.61% above the sector average75.61% above the sector average75.61% above the sector average
Price Trend
95.2% below the market average95.2% below the market average95.2% below the market average95.2% below the market average95.2% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
59.14% above the market average59.14% above the market average59.14% above the market average59.14% above the market average59.14% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average
Growth
65.98% above the market average65.98% above the market average65.98% above the market average65.98% above the market average65.98% above the market average
60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average

ETP Dividends

  Latest Previous
  Final Final
Ex-Div 17-Aug-23 18-Aug-22
Paid 15-Sep-23 16-Sep-22
Amount 1.20p 1.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:05 658 @ 38.98p
15:59 3,000 @ 38.00p
15:57 2 @ 38.00p
15:57 700 @ 38.00p
15:49 6,500 @ 37.99p

ETP Key Personnel

CEO Mitesh Ramji Dhanak
CFO Iain Stuart Richardson

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