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Veer Energy touches the roof on getting nod for credit, financial facility from HDFC Bank

14 Mar 2013 Evaluate

Veer Energy & Infrastructure is locked at its upper circuit limit of Rs. 8.04, up by 0.38 points or 4.96% from its previous closing of Rs. 7.66 on the BSE.

The scrip opened at Rs. 8.04 and has touched a high and low of Rs. 8.04 and Rs. 8.04 respectively. So far 18691 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 19.45 on 07-Jan-2013 and a 52 week low of Rs. 2.78 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 8.04 and Rs. 6.01 respectively. The current market cap of the company is Rs. 57.19 crore.

The promoters holding in the company stood at 34.76% while Institutions and Non-Institutions held 18.45% and 46.79% respectively.

Veer Energy & Infrastructure has received an approval for credit and financial facility received from HDFC Bank, Ashram Road Branch, Ahmedabad. The board of company has approved for the same in its meeting held on March 14, 2013

Veer Energy provides technical solutions for a future with reduced dependence on fossil fuels and fewer greenhouse gas emissions. Currently, Veer Energy wind farms in operation and construction represent a substantial reduction in carbon dioxide emissions annually.

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