Welspun India gains as its arm plans to set up 100-MW solar project in Tamil Nadu

18 Mar 2015 Evaluate

Welspun India is currently trading at Rs. 328.65, up by 1.20 points or 0.37% from its previous closing of Rs. 327.45 on the BSE.

The scrip opened at Rs. 329.00 and has touched a high and low of Rs. 331.00 and Rs. 326.40 respectively. So far 3,312 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 407.15 on 25-Nov-2014 and a 52 week low of Rs. 91.15 on 21-Mar-2014.

Last one week high and low of the scrip stood at Rs. 342.55 and Rs. 319.50 respectively. The current market cap of the company is Rs. 3,301.00 crore.

The promoters holding in the company stood at 73.31% while Institutions and Non-Institutions held 7.75% and 18.94% respectively.

Welspun India’s arm - Welspun Renewables has signed a power purchase agreement (PPA) with the Tamil Nadu Generation and Distribution Corporation (Tangedco) for setting up a 100-MW solar project in Tamil Nadu.

The company’s 100 MW is among the 146-MW worth of PPAs the Government has signed so far under the existing solar power purchase programme. Under the scheme, the developers who set up projects before September will sell their power to Tangedco at a rate of Rs 7.01 a kWhr.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. WIL’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.


Welspun India Share Price

75.60 0.15 (0.20%)
Aug 12, 18:03 View Price Chart
Peers
Company Name CMP
PDS 1706.05
Arvind 95.70
Welspun India 75.60
Alok Inds 19.55
Vardhman Textiles 310.95
View more..