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Welspun India soars as its arm commission 20-MW wind farm in Jaisalmer

05 Sep 2013

Welspun India is currently trading at Rs 57.85, up by 1.35 points or 2.39% from its previous closing of Rs 56.50 on the BSE.

The scrip opened at Rs 56.50 and has touched a high and low of Rs 58.00 and Rs 56.30 respectively. So far 2131 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 82.80 on 01-Feb-2013 and a 52 week low of Rs 46.50 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs 60.90 and Rs 52.50 respectively. The current market cap of the company is Rs 567.65 crore.

The promoters holding in the company stood at 68.41% while Institutions and Non-Institutions held 16.97% and 14.62% respectively.

Welspun India’s business arm - Welspun Energy (WEL), the country’s biggest developer of solar projects has commissioned a 20-MW wind farm at Jaisalmer district in Rajasthan. The said plant has 10 turbines for generating an average annual net production of 43.1 GWh.

Welspun Energy Solar Rajasthan, a fully owned subsidiary of the company had signed a power purchase agreement (PPA) with the Rajasthan Renewable Energy Corporation.

Following this project, Welspun Energy has over 80 MW of clean energy projects in Rajasthan. It is also developing two 100 MW wind projects in Karnataka and Rajasthan.

Related Welspun India Ltd. Links:

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