Waaree Renewable Technologies touches roof on getting LoA worth Rs 990.60 crore
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Waaree Renewable Technologies is currently trading at its upper limit of Rs. 4650.15, up by 221.40 points or 5.00% from its previous closing of Rs. 4428.75 on the BSE.
The scrip opened at Rs. 4650.15 and has touched a high and low of Rs. 4650.15 and Rs. 4225.00 respectively. So far 138055 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 5145.25 on 08-Feb-2024 and a 52 week low of Rs. 569.00 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 4650.15 and Rs. 3791.80 respectively. The current market cap of the company is Rs. 9686.19 crore.
The promoters holding in the company stood at 74.46%, while Institutions and Non-Institutions held 0.09% and 25.45% respectively.
Waaree Renewable Technologies has received a Letter of Award (LoA) from one of India’s leading Renewable Energy companies for the execution of Engineering, Procurement and Construction (EPC) work for Solar power plant of 980 MWp /700 MWac on turnkey basis with an order value of Rs 990.60 crore. The project is scheduled to be completed within 12 months as per the term of the LoA.
Waaree Renewable Technologies operates as a renewable equipment company. The company offers solar PV modules, batteries, and other solar products.
