Waaree Renewable soars on getting LoA for trunkey EPC services of solar power plant
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Waaree Renewable Technologies is currently trading at Rs. 496.60, up by 19.25 points or 4.03% from its previous closing of Rs. 477.35 on the BSE.
The scrip opened at Rs. 475.00 and has touched a high and low of Rs. 501.20 and Rs. 475.00 respectively. So far 61367 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 557.95 on 07-Dec-2022 and a 52 week low of Rs. 278.00 on 01-Apr-2022.
Last one week high and low of the scrip stood at Rs. 501.20 and Rs. 471.00 respectively. The current market cap of the company is Rs. 1040.74 crore.
The promoters holding in the company stood at 74.51%, while Non-Institutions held 25.49% stake in the company.
Waaree Renewable Technologies has received a Letter of Award (LoA) from one of India's leading renewable energy company, for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 154MWp DC capacity on turnkey basis along with five years of operation & maintenance work. The project is expected to be completed in the F.Y.2023-24.
Waaree Renewable Technologies operates as a renewable equipment company. The company offers solar PV modules, batteries, and other solar products.
