Dont miss action in this renewable energy penny stock which is likely to announce bonus shares soon!

The stock has almost doubled from the lows of March 2022 as a result it has turned multi-bagger

Veer Energy & Infrastructure emerged as one of the standout performers during Monday’s trading session. The stock zoomed nearly 2 per cent despite the nervousness seen on D-Street on the backdrop of the solid US September jobs report, which suggests that Federal Reserve remains on track to lift interest rates aggressively by another 75 bps in the upcoming FOMC meeting.   

The main operation of the company is to create infrastructure development facilities for the installation of wind turbine generators. As one of the pioneers in the field of renewable energy, the company is very well-positioned to take advantage of the ever-increasing demand for renewable energy resources.  

The stock has almost doubled from the lows of March 2022 as a result it has turned multi-bagger and is likely to remain in the limelight as the meeting of the company’s board of directors is scheduled to take place on October 13 (Thursday) to recommend & approve the issue of bonus shares to its equity shareholders.  

Recently, the company also signed a term sheet with Kintech Synergy Pvt Ltd for the development of a 15 MW wind-solar hybrid project comprising wind capacity of 10.50 MW, having 5 No's of Suzlon make 2.10 MW WTGs along with a solar project of 10 MW at its Vinjalpur substation under Wind Solar Hybrid Policy, 2018.   

Further, the company has also signed a land service provider agreement with ABRel Century Energy Limited, for acquiring suitable land for a solar project capacity of 10.00 MW on a long-term lease basis. ABReL Century Energy Limited would set up a 10 MW solar project, which would be commissioned at 66/33 KV Vinjalpur substation of the company.