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Ravindra Energy Ltd bags contract

Posted On: 2019-09-21 13:05:27

Ravindra Energy Ltd bags contractThe Office of the Chief Engineer, Maharashtra State Electricity Distribution Company Limited, Mumbai, Mahavitaran, vide its Letter of Empanelment (LOE) dated September 18, 2019 has awarded the 'Empanelment and Rate Contract', covering Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems at the project sites of identified farmers in the State of Maharashtra with comprehensive maintenance contract for 5 years on a single point responsibility, 'Turnkey Contract' under the Mukhyamantri Sour Krishi Pump Yojna Scheme for a quantity of 30,600 pumps. Accordingly, the total amount of revenue that would be generated from the above projects aggregates to Rs. 565.98 Crores. However the quantity & value indicated above are tentative and liable to change as per site conditions and consumer requirement.

Shares of Ravindra Energy Ltd was last trading in BSE at Rs.35 as compared to the previous close of Rs. 35. The total number of shares traded during the day was 718 in over 8 trades.

The stock hit an intraday high of Rs. 35 and intraday low of 35. The net turnover during the day was Rs. 25130.


Source: Equity Bulls

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