Voltas trades with traction on winning VRF HVAC order for Bangalore tower

11 Sep 2013 Evaluate

Voltas is currently trading at Rs. 68.10, up by 1.25 points or 1.87% from its previous closing of Rs. 66.85 on the BSE.

The scrip opened at Rs. 67.00 and has touched a high and low of Rs. 68.25 and Rs. 67.00 respectively. So far 63838 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.50 on 27-Sep-2012 and a 52 week low of Rs. 62.70 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 68.25 and Rs. 62.70 respectively. The current market cap of the company is Rs. 2245.05 crore.

The promoters holding in the company stood at 30.15% while Institutions and Non-Institutions held 43.73% and 26.12% respectively.

Voltas, India's largest air conditioning company, has won its bid to provide 1000HP Variable Refrigerant Flow (VRF) for all 133 apartments in the Mantri Pinnacle at Bengaluru (South India's tallest residential tower upon completion, at 152m). A total area of 4,13, 850 sq ft will be air conditioned with Voltas VERVE series Inverter Scroll VRF systems-making this the single largest residential VRF installation in South India to date.

Energy-efficient VRF will be a major factor contributing to the Mantri Pinnacle's 'green' building Gold Standard certification. It will also be one of the many striking amenities that residents will enjoy, including swimming pool, jogging/walking trail, sky-lounge coffee shop, aqua gym, mini theatre, tennis court, an observatory, a helipad and more.

Voltas is one of the world's premier engineering solutions providers and project specialists. The company offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.

Voltas Share Price

1404.35 44.75 (3.29%)
03-Jun-2024 15:48 View Price Chart
Peers
Company Name CMP
Voltas 1404.35
Blue Star 1605.85
Amber Enterprises 3727.00
Johnson Controls 1803.00
EPACK Durable 180.00
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