Welspun India is currently trading at Rs. 52.55, up by 0.40 points or 0.77% from its previous closing of Rs. 52.15 on the BSE.
The scrip opened at Rs. 52.95 and has touched a high and low of Rs. 53.00 and Rs. 52.50 respectively. So far 634 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.35 on 13-Aug-2012 and a 52 week low of Rs. 22.15 on 21-Dec-2011.
Last one week high and low of the scrip stood at Rs. 54.00 and Rs. 50.55 respectively. The current market cap of the company is Rs. 472.84 crore.
The promoters holding in the company stood at 67.78% while Institutions and Non-Institutions held 18.59% and 13.63% respectively.
Welspun India’s business arm Welspun Energy (WEL) is planning to invest Rs 1,000 crore in setting up a 100 MW solar power project in Chhattisgarh. Pursuant to which, Welspun Energy’s subsidiary Welspun Renewables Energy (WREL) has inked a MoU with the Chhattisgarh Government for installing 100 MW solar power project.
Through this project, WEL aims to achieve an annual CO2 emission reduction of 158,118 tonnes. The project will de-carbonize state’s energy portfolio by 2015. The State Government will facilitate the approvals, land acquisition, registration and clearances for the project.
Recently, the company won Asia’s biggest solar power project of 130 MW through bidding, to be developed in Madhya Pradesh.
Company Name | CMP |
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PDS | 576.70 |
Welspun Living | 160.80 |
Vardhman Textiles | 524.00 |
Arvind | 417.75 |
K.P.R. Mill | 1073.00 |
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