Waaree Renewable Technologies jumps on commissioning solar power project
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Waaree Renewable Technologies is currently trading at Rs. 1236.00, up by 25.00 points or 2.06% from its previous closing of Rs. 1211.00 on the BSE.
The scrip opened at Rs. 1224.00 and has touched a high and low of Rs. 1248.00 and Rs. 1214.50 respectively. So far 22038 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,248.00 on 13-Jul-2023 and a 52 week low of Rs. 290.10 on 29-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1248.00 and Rs. 1076.00 respectively. The current market cap of the company is Rs. 2560.43 crore.
The promoters holding in the company stood at 74.51%, while Non-Institutions held 25.49% stake in the company.
Waaree Renewable Technologies (WRTL) has commissioned 87.5MW/122.5 MWp out of 150 MW/210 MWp EPC solar power project for UPC Renewable Energy's subsidiary Masaya Solar Energy in the Khandwa district of Madhya Pradesh.
The solar power project is spread across 651 acres of undulated land terrain, with power being evacuated at a 220 kV voltage level and connected at PGCIL 400 kV/220 kV SS through the ISTS (inter-state transmission system) network.
A total of 5,08,072 SPV modules, ranging from 335 Wp Polycrystalline to 540 Wp Monocrystalline, with an inverter capacity of 3.125 MW were installed. The PPA (solar power purchase agreement) for the project has been made with the Solar Energy Corporation of India for a period of 25 years.
Waaree Renewable Technologies operates as a renewable equipment company. The company offers solar PV modules, batteries, and other solar products.
