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Veer Energy trades jubilantly as its arm secures loan worth Rs 52.56 crore from IREDA

Veer Energy & Infrastructure Ltd. | Power Generation/Distribution | Power | BSE: 503657 | NSE:

11 Jun 2014 Evaluate

Veer Energy & Infrastructure is currently trading at Rs. 7.09, up by 0.96 points or 15.66% from its previous closing of Rs. 6.13 on the BSE.

The scrip opened at Rs. 6.30 and has touched a high and low of Rs. 7.20 and Rs. 6.25 respectively. So far 856324 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 7.28 on 10-Jun-2014 and a 52 week low of Rs. 3.27 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 7.28 and Rs. 5.06 respectively. The current market cap of the company is Rs. 50.29 crore.

The promoters holding in the company stood at 35.51%, while Institutions and Non-Institutions held 18.45% and 46.03% respectively.

Veer Energy & Infrastructure’s - wholly owned subsidiary - Shruti Power Projects (SPPPL) has been sanctioned a loan of Rs 52.56 crore by the Indian Renewable Energy Development Agency (IREDA), a Government of India enterprise.

This loan is sanctioned for setting up a 12 MW wind farm, project size worth Rs 75.60 crore at Vinjalpur Village, Khambhalia district in the state of Gujarat. The said subsidiary has signed the loan agreement. This is expected to generate additional revenue of Rs 12 crore per annum by way of power generation.

Besides, the company is also expected to take the benefit of Generation Based Incentive (GBI) as per the policy declared by the Central Government. The company is expected to commission the project by August 31, 2014.

Veer Energy & Infrastructure was founded in 2006, it is an innovative energy & infrastructure company headquartered in Mumbai, its objective is to play a major role in responding to the growing problem of climate change attributed to greenhouse gas emissions.

Veer Energy & Infra Share Price

13.62 0.30 (2.25%)

17-Apr-2026 16:59 View Price Chart

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Veer Energy trades jubilantly as its arm secures loan worth Rs 52.56 crore from IREDA

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