BOM:532051

3 stories mentioning BOM:532051Updated just now

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Swelect Energy Unit to Acquire 49% Stake in Grid-Linked Solar Projects Developer

Swelect Energy Systems (NSE:SWELECTES, BOM:532051) said its wholly owned subsidiary SWELECT SolarKraft has agreed to acquire a 49% stake in Gridnex Solar Power for 43.1 million Indian rupees.The acquisition involves 4,900 equity shares in the Haryana, India-based company, which is developing grid-connected solar PV power projects, according to a stock exchange filing.The investment is aimed at expanding its business footprint and supporting long-term revenue growth.

BOM:532051NSE:SWELECTES

Asia35d ago

Swelect Energy Systems' Consolidated Profit Climbs in Fiscal Q4

Swelect Energy Systems' (NSE:SWELECTES, BOM:532051) consolidated attributable profit rose to 102.0 million Indian rupees from 88.5 million rupees a year ago.Earnings per share came in at 6.72 rupees from 5.31 rupees a year earlier, according to a Friday filing to the Indian stock exchanges by the renewable energy company.Revenue from operations in fiscal Q4 also increased to 2.02 billion rupees from 2.19 billion rupees a year ago.The company's board recommended a final dividend of 3.50 per equity share of face value 10 rupees each for the fiscal year ended March 31.The company's shares were down over 2% in recent trade.

BOM:532051NSE:SWELECTES

Asia53d ago

Swelect Energy Commissions 5 MW Solar Plant for Chennai Airport; Shares Jump 7%

Swelect Energy Systems (NSE:SWELECTES, BOM:532051) said it commissioned a 5-megawatt solar power plant in the Tiruvannamalai district of Tamil Nadu, India, according to a May 2 filing.Shares of the company rose nearly 7% in Monday's trade.The power generated will be supplied to Chennai Airport under a third-party sale arrangement, the filing said.With this, Swelect has completed commissioning 10 MW capacity under its project with the Airport Authority of India.

BOM:532051NSE:SWELECTES

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