Waaree Renewable Technologies jumps on getting LoA worth Rs 90.29 crore
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Waaree Renewable Technologies is currently trading at Rs. 1952.70, up by 41.65 points or 2.18% from its previous closing of Rs. 1911.05 on the BSE.
The scrip opened at Rs. 1945.00 and has touched a high and low of Rs. 1980.00 and Rs. 1914.00 respectively. So far 173106 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 3037.75 on 26-Apr-2024 and a 52 week low of Rs. 226.32 on 01-Sep-2023.
Last one week high and low of the scrip stood at Rs. 2074.00 and Rs. 1900.00 respectively. The current market cap of the company is Rs. 20402.32 crore.
The promoters holding in the company stood at 74.46%, while Institutions and Non-Institutions held 0.21% and 25.33% respectively.
Waaree Renewable Technologies has received a Letter of Award (LoA) for the execution of Engineering, Procurement and Construction (EPC) works for solar power project of 30 MW DC capacity on turnkey basis. The order value is around Rs 90.29 crore (Excluding Taxes). The project is scheduled to be completed in the financial year 2024-25, 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.
