Veer Energy touches roof on bagging order for rooftop solar panel installation
Veer Energy & Infrastructure is locked at upper circuit at Rs. 37.95, up by 3.45 points or 10.00% from its previous closing of Rs. 34.50 on the BSE.
The scrip opened at Rs. 34.30 and has touched a high and low of Rs. 37.95 and Rs. 33.80 respectively. So far 86,000 shares were traded on the counter.
The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 39.15 on 21-Dec-2017 and a 52 week low of Rs. 20.15 on 29-Mar-2017.
Last one week high and low of the scrip stood at Rs. 39.00 and Rs. 33.15 respectively. The current market cap of the company is Rs. 41.80 crore.
The promoters holding in the company stood at 29.72%, while Institutions and Non-Institutions held 17.48% and 52.80% respectively.
Veer Energy & Infrastructure has received order from renowned Charitable Trust for Rooftop Solar Panel Installation on their Dharamshala (Lodging Boarding facility) in village Palitana (well known holy place of Jains), Gujarat. Palitana is the biggest holy place of jains where pilgrimers come regularly and there are many Dharamshalas managed by Charitable Trusts which provides Lodging Boarding facility to pilgrimers.
This Rooftop Solar Panel Installation via Net Metering Technology will help Dharamshala to reduce power cost by 30%. This consumer friendly Net Metering Technology will be of great help to this charitable trust in reducing the power cost.
Further, the company is targeting to tap 80 such charitable trusts in village Palitana. Introduction of Net Metering Technology along with Rooftop Solar Installation will have a big market in achieving Government of India’s target of 20 Gigawatts of Renewable/Clean/Green Power.