Voltas gains as its arm bags multiple orders worth around Rs 1770 crore!

Voltas gains as its arm bags multiple orders worth around Rs 1770 crore!

by 5paisa Research Team Last Updated: Mar 18, 2023 - 10:54 am 645 Views

These orders were won in the highly competitive market and will benefit more than 46 million Indians. 

Bagged Multiple SITC Project Orders 

Voltas’ 100% subsidiary -- Universal MEP Projects & Engineering Services (UMPESL) has bagged multiple SITC project orders worth around Rs 1770 crore in the Electrical Power Distribution business for FY 22-23, including a solar power project. These orders were won in the highly competitive market and will benefit more than 46 million Indians across states like Uttar Pradesh, Madhya Pradesh, West Bengal, Odisha, and Karnataka.

UMPESL, with its expertise in the Power Distribution sector over the past several years, has taken up these project orders to support the Government of India’s mission of providing 100% quality, reliable, and affordable power supply to consumers and households across India. With its commitment to delivering reliable and cost-effective power solutions, UMPESL has been awarded these project orders spread across 26 districts of Uttar Pradesh, Madhya Pradesh, West Bengal, Odisha, and Karnataka.

Share price movement of Voltas Limited 

Today, the stock opened at Rs 900, with a high and low of Rs 905 and Rs 878.40. The stock closed trading at Rs 879.85, up by 0.11%.

In the last six months, the shares of the company have given about -1 per cent returns and in the last 1 year, the stock has given about 25 per cent returns.

The stock has a 52-week high of Rs 1347.75 and a 52-week low of Rs 737.60. The company has a ROCE of 13.0% with a market capitalisation of Rs 29,103 crore.

Company profile 

The company is engaged in the field of air conditioning, and refrigeration, in the business of electro-mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore), and also in the business of engineering product services for mining, water management and treatment, construction equipment and textile industry.

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