Vaswani Industries shines on commissioning 16.25 MWp Solar Power in Chhattisgarh
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Vaswani Industries is currently trading at Rs. 53.54, up by 0.84 points or 1.59% from its previous closing of Rs. 52.70 on the BSE.
The scrip opened at Rs. 53.00 and has touched a high and low of Rs. 53.65 and Rs. 52.40 respectively. So far 628 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.90 on 01-Oct-2024 and a 52 week low of Rs. 29.10 on 23-Jan-2024.
Last one week high and low of the scrip stood at Rs. 65.34 and Rs. 52.37 respectively. The current market cap of the company is Rs. 166.17 crore.
The promoters holding in the company stood at 58.33%, while Institutions and Non-Institutions held 0.15% and 41.51% respectively.
Vaswani Industries has successfully commissioned 16.25 MWp Solar Power, out of the proposed 30 MWp Solar Power Generation Unit, on January 10, 2025 at Village Thandar, District Khairagarh-Chhuikhadan-Gandai, Chhattisgarh.
The company is currently awaiting permission for withdrawal of power under Long-Term Open Access. Until the approval is granted, the power generated will be banked with Chhattisgarh State Power Distribution Company (CSPDCL). This development reflects the company's ongoing efforts to enhance its renewable energy portfolio and contribute to sustainable power generation initiatives.
Vaswani Industries is presently engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation.
