Marsons touches the roof on getting LoI worth Rs 675 crore from NACOF OORJA
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Marsons is currently trading at its upper limit of Rs. 280.90, up by 13.35 points or 4.99% from its previous closing of Rs. 267.55 on the BSE.
The scrip opened at Rs. 280.90 and has touched a high and low of Rs. 280.90 and Rs. 280.90 respectively. So far 193977 shares were traded on the counter.
The BSE group 'Z' stock of face value Rs. 1 has touched a 52 week high of Rs. 280.90 on 27-Sep-2024 and a 52 week low of Rs. 5.32 on 28-Sep-2023.
Last one week high and low of the scrip stood at Rs. 280.90 and Rs. 210.65 respectively. The current market cap of the company is Rs. 4834.29 crore.
The promoters holding in the company stood at 53.65%, while Non-Institutions held 46.35% stake in the company.
Marsons has received a Letter of Intent (LoI) from NACOF OORJA to develop a 150 MW(AC) Grid-Interactive Ground-Mounted Solar PV Power Generation Plant. This project, which includes multiple units across different locations in Rajasthan, is being executed for RRECL under the KUSUM Scheme, aimed at providing daytime power to agricultural consumers. This project it will be executing in technical collaboration with a third party ‘Aditya Clean Systems (P)’ where the third party will provide technical support to Marsons.
The total order value of the project is estimated at around Rs 675 crore (inclusive of taxes and duties) and the execution timeline is set for 12 to 18 months.
Marsons is an India-based company engaged in manufacturing of transformers. The Company operates in two divisions: transformer division and project division.
