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Swelect Energy Systems rises on bagging 10 MW Solar Power project in Karnataka

12 Apr 2016 Evaluate

Swelect Energy Systems is currently trading at Rs. 430.00, up by 13.70 points or 3.29% from its previous closing of Rs. 416.30 on the BSE.

The scrip opened at Rs. 427.50 and has touched a high and low of Rs. 430.00 and Rs. 427.20 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 639.00 on 16-Apr-2015 and a 52 week low of Rs. 350.10 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 430.00 and Rs. 388.00 respectively. The current market cap of the company is Rs. 434.55 crore.

The promoters holding in the company stood at 64.34% while Institutions and Non-Institutions held 1.58% and 34.08% respectively.

Swelect Energy Systems has won the bid for a 10 MW Solar Power project in Karnataka. The company had participated in KREDL Solar Power Project announced by Karnataka Government. Under the DCR Category eligible for Karnataka based Solar Module manufacturers, the company submitted the bid and won the project.

The company has received approval for acquiring 100% equity share capital of SWELECT Power Systems (SPSPL) at face value for utilizing the said company (SPSPL) as SPV for the above 10 MW Project from execution to operation and maintenance and passed necessary resolutions accordingly. The board of directors at their meeting held on April 11, 2016 has approved for the same.

Swelect Energy Systems formerly ‘Numeric Power Systems’ is a leading Power Electronics and Renewable Energy company.


Swelect Energy Share Price

650.50 10.55 (1.65%)
17-Apr-2026 16:59 View Price Chart
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