Taylormade Renewables on Wednesday announced bagging two orders worth around ₹116 crore.
What Happened: The first order is from Maharashtra Enviro Power for the TRL RAIN patented
technology plant – 100KLD Evaporation system. As per an exchange filing, the order is worth around ₹3.5 crore. The project is expected to complete within 7-8 months after the purchase order is received.
The second order is from the Public Health and Municipal Engineering Department, Government of Andhra Pradesh. The EPC (Engineering, Procurement and Construction) order will see the microcap company remodelling of existing water supply distribution pipeline and construction of ELSRs. The ₹113.95 crore deal is expected to complete within 24 months from the date of the agreement.
The stock has been on a dream run at the bourses. Since the start of the year, the stock has gone up over 1,400%. In the past year, the stock has climbed up over 4,000%.
Price Action: Taylormade Renewables’ share price was up 5% to hit upper circuit at ₹563.45 on Wednesday.
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