GRE Renew Enertech Ltd receives LOA from Solarium Green Energy Ltd

GRE Renew Enertech Limited has received a Letter of Award ("LOA") from Solarium Green Energy Limited for execution of Engineering, Procurement and Construction (EPC) works in relation to a utility-scale groundmounted Solar PV Project.

The LOA pertains to execution of Engineering, Procurement and Construction (EPC) works on a turnkey basis for development of an approximately 50 MW AC / 65 MW DC Ground Mounted Solar PV Project, including associated civil, structural, electrical and allied infrastructure works, together with Operation & Maintenance (O&M) Services for a period of three (3) years, in accordance with the terms and conditions of the LOA.

The aggregate contract value of ₹175,00,00,000/- (Rupees One Hundred Seventy-Five Crore Only), exclusive of applicable taxes, comprising ₹170,00,00,000/- towards the EPC Contract for execution of the Solar PV Project and ₹5,00,00,000/- towards Operation & Maintenance (O&M) Services for a period of three (3) years (thirty-six months), payable in accordance with the terms of the Letter of Award.

Shares of GRE Renew Enertech Limited was last trading in BSE at Rs. 166.45 as compared to the previous close of Rs. 158.55. The total number of shares traded during the day was 39600 in over 25 trades.

The stock hit an intraday high of Rs. 166.45 and intraday low of 165.90. The net turnover during the day was Rs. 6590220.00.

Source : Equity Bulls

Keywords

GRERenewEnertech INE0U8P01015 LoA OrderWin SolariumGreenEnergy