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Moser Baer surges on winning order worth $500 mn
At 12:17 pm, Moser Baer was quoting at Rs 116.15, up Rs 7.20, or 6.61%. It has touched an intraday high of Rs 117.50 and an intraday low of Rs 109.95. The company has secured USD 500 million order for Solar Module, reports CNBC-TV18.
At 12:17 pm, Moser Baer was quoting at Rs 116.15, up Rs 7.20, or 6.61%. It has touched an intraday high of Rs 117.50 and an intraday low of Rs 109.95.
The company has secured USD 500 million order for Solar Module, reports CNBC-TV18.
Moser Baer India Ltd, the global technology Company, has entered into definitive agreements to supply solar modules to major European solar system integrators.
Moser Baer India's wholly owned photovoltaic (PV) subsidiary had received in full the agreed capital injection of Rs 415 crore from a consortium of global investors to fund the capacity expansion of its high efficiency crystalline silicon and thin film solar verticals. Last month, on September 04, the company had announced signing of definitive contracts with global investors, including Nomura, CDC Group, Credit Suisse, Morgan Stanley, IDFC PE, and IDFC . This straight equity transaction values Moser Baer's PV business at over Rs 6,350 crore ($ 1.44 billion) and the investors will be entitled to a 6.5% stake in the business.
The company currently has an annual capacity of 120 MW, including 40 MW of amorphous silicon Gen 8.5 thin film modules. This investment is intended to fund the expansion of the crystalline silicon cell manufacturing to 180 MW and amorphous silicon thin film to 120 MW.
It was trading with volumes of 860,555 shares. Yesterday the share closed up 6.76% or Rs 6.90 at Rs 108.95.
Share Price Movement During The Last 12 Months
Period
Price
Latest Price
Gain/Loss (Rs.)
% Gain/Loss
3-Days
114.15
116.15
2.00
1.75
5-Days
125.25
116.15
-9.10
-7.27
7-Days
122.25
116.15
-6.10
-4.99
15-Days
100.75
116.15
15.40
15.29
1-Month
108.45
116.15
7.70
7.10
3-Month
122.30
116.15
-6.15
-5.03
6-Month
152.10
116.15
-35.95
-23.64
9-Month
306.05
116.15
-189.90
-62.05
1-Year
317.65
116.15
-201.50
-63.43
Currently -66.31% below the 52-week high of 344.80
