Eneraqua Technologies (ETP)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

49.25p
   
  • Change Today:
      0.25p
  • 52 Week High: 68.00
  • 52 Week Low: 38.00
  • Currency: UK Pounds
  • Shares Issued: 33.22m
  • Volume: 42,164
  • Market Cap: £16.36m

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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ETP Market Data

Currency UK Pounds
Share Price 49.25p
Change Today 0.25p
% Change 0.51 %
52 Week High 68.00
52 Week Low 38.00
Volume 42,164
Shares Issued 33.22m
Market Cap £16.36m

ETP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.48% below the market average7.48% below the market average7.48% below the market average7.48% below the market average7.48% below the market average
21.05% above the sector average21.05% above the sector average21.05% above the sector average21.05% above the sector average21.05% above the sector average
Price Trend
5.78% above the market average5.78% above the market average5.78% above the market average5.78% above the market average5.78% above the market average
43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average
Income Not Available
Growth
40.73% above the market average40.73% above the market average40.73% above the market average40.73% above the market average40.73% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% 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 25-Nov-2024

Time Volume / Share Price
12:33 10,000 @ 48.16p
12:01 200 @ 50.00p
11:52 31,879 @ 49.47p
08:00 85 @ 50.00p

ETP Key Personnel

CEO Mitesh Ramji Dhanak
CFO Iain Stuart Richardson
CFO John Samuel

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