Indowind Energy surges on repurchasing bonds amounting to $8.5 million

26 Dec 2012 Evaluate

Indowind Energy is currently trading at Rs. 4.61, up by 0.11 points or 2.44% from its previous closing of Rs. 4.50 on the BSE.

The scrip opened at Rs. 4.77 and has touched a high and low of Rs. 4.77 and Rs. 4.50 respectively. So far 27188 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 8.02 on 22-Feb-2012 and a 52 week low of Rs. 3.40 on 10-Sep-2012.

Last one week high and low of the scrip stood at Rs. 4.83 and Rs. 4.20 respectively. The current market cap of the company is Rs. 41.37 crore.

The promoters holding in the company stood at 32.79% while Institutions and Non-Institutions held 0.28% and 66.93% respectively.

Indowind Energy has repurchased bonds amounting to $8.5 million for cancellation. The company has also fully repaid the cash credit liability with Bank of India, Mumbai as of date.

Indowind Energy is engaged in selling ready-to-buy wind farm projects to corporate as well as state governments. It has strong capabilities and expertise in areas like project management, robust managerial and financial resources and experience in the operations of wind farms.

Indowind Energy Share Price

20.21 -0.90 (-4.26%)
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