Gujarat Industries signs Power Purchase agreements with Solar Energy

Gujarat Industries Power Company Limited has signed Power Purchase agreements with Solar Energy Corporation of India Limited for 2 x 40 MW Solar Power Projects in Gujarat Solar Park.

Aug 06, 2016 02:08 IST India Infoline News Service

News Newspaper Text
Gujarat Industries Power Company Limited has signed Power Purchase agreements with Solar Energy Corporation of India Limited for 2 x 40 MW Solar Power Projects in Gujarat Solar Park, Village Charanka, Dist. Patan, Gujarat under National Solar Mission (NSM) Phase-II, Batch IV.

Gujarat Industries Power Co Ltd ended at Rs. 90.75, up by Rs. 0.75 or 0.83% from its previous closing of Rs. 90 on the BSE.
The scrip opened at Rs. 90 and touched a high and low of Rs. 91.2 and Rs. 90 respectively. A total of 43620(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1372.59 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 99 on 13-Jul-2016 and a 52 week low of Rs. 65.5 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 92 and Rs. 89 respectively.
The promoters holding in the company stood at 58.21 % while Institutions and Non-Institutions held 26.55 % and 15.24 % respectively.
The stock traded above its 50 DMA.

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