Solar Energy Corp issues LOI for Solar Power Projects

Solar Energy Corporation of India Ltd. (SECI) has issued two Letters of Intent (LOIs), both dated July 04, 2016, to GIPCL for 2 x 40 MW Solar Power Project in Gujarat Solar Park, Village Charanka under National Solar Mission Phase-II, Batch IV.

Jul 06, 2016 10:07 IST India Infoline News Service

News Newspaper Text
With reference to the earlier letters dated June 22, 2016 & June 24, 2016, Gujarat Industries Power Company Ltd has announced that Solar Energy Corporation of India Ltd. (SECI) has issued two Letters of Intent (LOIs), both dated July 04, 2016, to GIPCL for 2 x 40 MW Solar Power Project in Gujarat Solar Park, Village Charanka under National Solar Mission Phase-II, Batch IV.

Gujarat Industries Power Co Ltd ended at Rs. 91.7, down by Rs. 2.25 or 2.39% from its previous closing of Rs. 93.95 on the BSE.
The scrip opened at Rs. 93.25 and touched a high and low of Rs. 93.35 and Rs. 89.75 respectively. A total of 151842(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1386.96 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 96.3 on 04-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. 96.3 and Rs. 88.9 respectively.
The promoters holding in the company stood at 58.21 % while Institutions and Non-Institutions held 26.58 % and 15.21 % respectively.
The stock traded above its 50 DMA.

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