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Veer Energy rises on plan to invest Rs 300 crore for solar energy projects in Gujarat

16 Nov 2012 Evaluate

Veer Energy and Infrastructure is currently trading at Rs. 14.65, up by 0.05 points or 0.34% from its previous closing of Rs. 14.60 on the BSE.

The scrip opened at Rs. 14.85 and has touched a high and low of Rs. 15.00 and Rs. 14.65 respectively. So far 580109 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 17.00 on 07-Nov-2012 and a 52 week low of Rs. 1.87 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs. 15.60 and Rs. 14.25 respectively. The current market cap of the company is Rs. 104.92 crore.

The promoters holding in the company stood at 36.03% while Institutions and Non-Institutions held 16.18% and 47.79% respectively.

Veer Energy and Infrastructure, a Mumbai-based wind power developer has decided to spend Rs 300 crore into solar energy projects in Gujarat. The company has purchased 200 acres at Shivlakha village of Kutch, Gujarat, to set up 25 MW solar energy project, which is about 1.5 km away from its sub-station at Chandrodi village.

The company has inked pact with Astom AG Swiss, an expert in solar energy technologies. It also plans to set up a rooftop solar project in the Sanand district of Gujarat. The company will install 400 thin-film panels of 58.5 watts each for a rooftop project in joint venture with US-based New Millennium Solar Equipment Corporation. The unit has already imported thin film panels from NMSEC for the project.

Veer Energy & Infra Share Price

13.62 0.30 (2.25%)
17-Apr-2026 16:59 View Price Chart
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