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Veer Energy spurts on plan of developing 10 MW Hybrid Power Project in Maharashtra

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

07 Aug 2017 Evaluate

Veer Energy & Infrastructure is currently trading at Rs. 30.60, up by 2.25 points or 7.94% from its previous closing of Rs. 28.35 on the BSE.

The scrip opened at Rs. 28.35 and has touched a high and low of Rs. 31.10 and Rs. 28.35 respectively. So far 391096 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.05 on 20-Oct-2016 and a 52 week low of Rs. 20.10 on 16-Aug-2016.

Last one week high and low of the scrip stood at Rs. 31.10 and Rs. 23.50 respectively. The current market cap of the company is Rs. 31.45 crore.

The promoters holding in the company stood at 25.47%, while institutions and non-institutions held 24.12% and 50.41% respectively.

Veer Energy & Infrastructure will be developing a 10 MW Hybrid Power Project in state of Maharashtra. The company has received a Letter of opinion/interest from Maharashtra Energy Development Agency (MEDA), Pune, opinion on installation of Solar or Hybrid project at our existing wind projects.

The company has expressed their willing to develop & has decided to start Hybrid Division. The company wants to develop 10 MW solar or hybrid project on their existing approval of wind farm project for 10 MW at Dhule. The new introduction of hybrid division in which installation/development cost would reduce by 50%.

The company is projecting total turnover of Rs 5,295 lakh & Rs 5,825 lakh and profit by Rs 525 lakh & Rs 705 lakh (approximately) which is around 300% growth from current level. This new division will open up new markets by developing existing projects & existing clients Gamesa, Suzlon, Elecon, Regen Power etc, and will also undertake development of hybrid system on contract basis.

Veer Energy & Infrastructure is an India-based windmill infrastructure development company.

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 spurts on plan of developing 10 MW Hybrid Power Project in Maharashtra

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