Voltas gains as its arm bags multiple orders worth around Rs 1770 crore
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Voltas is currently trading at Rs. 889.55, up by 8.70 points or 0.99% from its previous closing of Rs. 880.85 on the BSE.
The scrip opened at Rs. 900.00 and has touched a high and low of Rs. 905.00 and Rs. 886.00 respectively. So far 10772 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1347.75 on 07-Apr-2022 and a 52 week low of Rs. 737.60 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 905.00 and Rs. 862.15 respectively. The current market cap of the company is Rs. 29145.98 crore.
The promoters holding in the company stood at 30.30%, while Institutions and Non-Institutions held 53.25% and 16.46% respectively.
Voltas’ 100% subsidiary -- Universal MEP Projects & Engineering Services (UMPESL) has bagged multiple SITC project orders worth around Rs 1770 crore in the Electrical Power Distribution business for FY 22-23, including a solar power project. These orders were won in the highly competitive market and will benefit more than 46 million Indians across states like Uttar Pradesh, Madhya Pradesh, West Bengal, Odisha, and Karnataka.
UMPESL, with its expertise in the Power Distribution sector over the past several years has taken up these project orders to support the Government of India’s mission of providing 100% quality, reliable, and affordable power supply to consumers and households across India. With its commitment to deliver reliable and cost-effective power solutions, UMPESL has been awarded these project orders spread across 26 districts of Uttar Pradesh, Madhya Pradesh, West Bengal, Odisha, and Karnataka.
Voltas is among India’s leading air-conditioning, refrigeration and engineering services companies.
