Waaree Renewable Technologies touches roof on getting LoI worth Rs 1,401 crore
Waaree Renewable Technologies is currently trading at its upper limit of Rs. 5835.25, up by 277.85 points or 5.00% from its previous closing of Rs. 5557.40 on the BSE.
The scrip opened at Rs. 5800.00 and has touched a high and low of Rs. 5835.25 and Rs. 5600.10 respectively. So far 52552 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 5835.25 on 01-Mar-2024 and a 52 week low of Rs. 600.50 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 5835.25 and Rs. 5070.00 respectively. The current market cap of the company is Rs. 12154.74 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 Intent (LoI) for the execution of Engineering, Procurement and Construction (EPC) work with Land development of ISTS connected Ground Mounted Solar PV project of 300 MW AC capacity on turnkey basis along with three years Operation & Maintenance Service. The order value is around Rs 1,401 crore including Operations & Maintenance (Excluding Taxes). The project is scheduled to be completed in the financial year 2025-26, 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.
