Mehai Technology trades higher on bagging order worth Rs 855 crore
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Mehai Technology is currently trading at Rs. 30.75, up by 0.60 points or 1.99% from its previous closing of Rs. 30.15 on the BSE.
The scrip opened at Rs. 30.75 and has touched a high and low of Rs. 30.75 and Rs. 30.75 respectively. So far 8556 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.36 on 01-Feb-2024 and a 52 week low of Rs. 14.41 on 14-Aug-2023.
Last one week high and low of the scrip stood at Rs. 30.75 and Rs. 28.50 respectively. The current market cap of the company is Rs. 82.44 crore.
The promoters holding in the company stood at 52.16%, while Non-Institutions held 47.84% stake in the company.
Mehai Technology has received a prestigious order from the office of the Sungevity Enterprises (SEPL) for Design, Supply, Installation, Testing, and Commissioning with Comprehensive Maintenance Contract (CMC for 5 years) including Remote Monitoring System (RMS) of Smart Solar Street Light System on the identified existing electric pole under 'Mukhyamantri Gramin Solar Street Light Yojana' in the state of Bihar
The order received of 3,00,000 Solar Street Light , Contract Value is Rs 855.00 crore. The work order effect from July 8, 2024 i.e., from the date of the signing of this agreement. The supply of solar street lighting system as per tender specification including but not limited to 20W luminary, 12.8V 54AH Lithium Ferro phosphate battery, 120W polycrystalline solar PV modules, Systems.
Mehai Technology is engaged in Trading / Assembly of USB Pen drives, it is in process of being able to manufacture USB pen drives.
