Debt-free power penny stock under Rs 25 in focus as company completes a major transaction involving the sale of a state-of-the-art installed wind turbine worth Rs 429 lakh!

The stock is trading at 0.48 times its book value and up by 50.5 per cent from its 52-week low of Rs 13.60 per share.

Veer Energy & Infrastructure Limited announced the successful sale of a high-tech wind turbine installation valued at Rs 429 Lakhs. This strategic move aligns with our dedication to fostering sustainable energy solutions and expanding our renewable energy portfolio. The wind turbine, boasting a capacity of 800 KW or 850 KW, is part of a larger installation with a total capacity of 2450 KW, strategically located in Kutch, Gujarat.

Not only does this transaction represent a significant step forward in our mission to promote clean and renewable energy, but it also underscores our commitment to providing exceptional service. Veer Energy & Infrastructure will continue to oversee the operation and management of the sold wind turbine. This cutting-edge technology will enhance our capabilities in generating sustainable energy and contribute to reducing carbon emissions, reinforcing our position as a leader in the renewable energy sector.

On Wednesday, shares of Veer Energy & Infrastructure Ltd plunged 1.11 per cent to Rs 20.47 per share from its previous closing of Rs 20.70 with an intraday high of Rs 20.96 and its 52-week low of Rs 20.40. The stock’s 52-week high is Rs 33 and its 52-week low of Rs 13.60.

The company has a market cap of over Rs 30 crore and as of June 2024, it is debt-free. The stock is trading at 0.48 times its book value and up by 50.5 per cent from its 52-week low of Rs 13.60 per share. Investors should keep an eye on this power penny stock.

Disclaimer: The article is for informational purposes only and not investment advice.

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