Macwoods Energy high on debut
Mackwoods Energy Limited (MEL) made an excellent debut yesterday on
the Colombo Stock Exchange being the second IPO for the year that ended
in an upward trend, challenging the trend of the recently traded IPOs.
MEL finished the debut up 70 cents to close at Rs. 14.70 with a market
capitalisation of Rs. 1.47 billion.
MEL has positioned itself to take the benefit of the potential growth
in the Power and Energy sector recognizing the sector as an essential
driver of socio-economic development of the country.
The company expects to harness the available sources of energy
particularly renewable energy, and contribute to meet the fast growing
energy need of the country through the provision of cost effective
energy solutions.
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