Triveni Glass Limited remained in the spotlight on Tuesday after announcing plans to invest Rs 1,000 crore to build an 840-tonne-per-day solar glass manufacturing plant. The plant will be built in Andhra Pradesh, creating approximately 2,000 jobs in the state.

In response to the news, Triveni Glass's stock rose by 5% to Rs 22.60 in the early hours of Tuesday. The stock has lost approximately 8% over the last six months, but it has returned 31% year to date.

Triveni Glass Ltd manufactures laminated safety glasses for automobiles as well as all types of flat glasses. Furthermore, the company has entered the real estate market by constructing and restoring multistory residential buildings on the old factory site.

In Q3FY23, the company reported total revenue of Rs 1.58 Crore, up from Rs 6.97 lakhs in the same period the previous year. Their revenue fell from Rs 2.59 crore to Rs 2.59 crore on a quarterly basis.

In the period, their net profit was Rs 11.36 crore, compared to a loss of Rs 9.60 crore. Their profits in the previous quarter were Rs 7.63 crores.

The market capitalization of the micro-cap company is Rs 28 crores. It should be noted that the company's promoters own only 5.42 percent of the company, while the public owns the remaining 88.14 percent. However, the Life Insurance Corporation of India owns 3.38 percent of the company.