Multibagger Penny Stock Under Rs 10: Company Announces Entry into Solar, Renewable and Conventional Energy Sector with Comprehensive Power Solutions
DSIJ Intelligence-1 / 03 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 142 per cent from its 52-week low of Rs 3.36 per share and a whopping 1,300 per cent in 5 years.
IEL Limited (INDXTRA, Scrip Code – 524614) announced its strategic entry into the Solar, Renewable and Conventional Energy Sector. The company, based in Ahmedabad, unveiled a comprehensive vision to generate, develop, produce, distribute and supply power using a vast array of energy sources. This ambitious plan includes harnessing solar, wind, hydro, tidal, thermal, coal, lignite and wave power, committing to deliver diversified, sustainable and reliable energy solutions to meet India's rising demands.
As part of this significant expansion, IEL Limited will establish state-of-the-art facilities. These include Power Plants, Wind Turbines and Wind Parks, Solar Parks and Solar Energy Systems, Hydel Power Stations and Thermal Stations. Beyond generation, the company will engage in the manufacture, trade, import, export and installation of power-related equipment. Furthermore, IEL Limited plans to actively partner with corporate, government and semi-government bodies to ensure reliable power delivery across the nation.
This initiative is underpinned by a commitment to modernisation and innovation, focusing on renovation, up-gradation and installing cutting-edge technology to ensure operational efficiency. As a dynamic and diversified company, IEL Limited's move reflects its long-term dedication to supporting national and global goals of energy security, sustainability and inclusive growth. By focusing strongly on both renewable and conventional energy, the company aims to become a significant contributor to India’s evolving energy landscape.
About IEL Ltd
IEL Limited, a BSE-listed company with a legacy in manufacturing, has successfully transitioned into a prominent player in the chemical and commodity trading sector. Founded in 1956, IEL initially operated a solvent extraction plant but later shifted its focus to trading, leveraging its expertise to offer a range of services, including marketing and warehousing.
On Friday, shares of IEL Ltd hit a 5 per cent Upper Circuit to an Intraday high of Rs 8.14 per share from its previous closing of Rs 8.01 per share. The stock’s 52-week high is Rs 10.28 per share and its 52-week low is Rs 3.36 per share. The company has a market cap of over Rs 100 crore. The stock has given multibagger returns of 142 per cent from its 52-week low of Rs 3.36 per share and a whopping 1,300 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.