Waaree Renewable Technologies gains on getting LoA worth Rs 183 crore
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Waaree Renewable Technologies is currently trading at Rs. 1371.05, up by 6.05 points or 0.44% from its previous closing of Rs. 1365.00 on the BSE.
The scrip opened at Rs. 1374.00 and has touched a high and low of Rs. 1383.00 and Rs. 1325.00 respectively. So far 11358 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1509.45 on 28-Jul-2023 and a 52 week low of Rs. 435.00 on 14-Nov-2022.
Last one week high and low of the scrip stood at Rs. 1383.00 and Rs. 1314.50 respectively. The current market cap of the company is Rs. 2848.67 crore.
The promoters holding in the company stood at 74.48%, while Non-Institutions held 25.52% stake in the company.
Waaree Renewable Technologies has received a Letter of Award (LoA) of worth Rs 183 crore for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 70MW DC capacity on turnkey basis along with five years of operation & maintenance work. The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.
Waaree Renewable Technologies operates as a renewable equipment company. The company offers solar PV modules, batteries, and other solar products.
