Moser Baer to invest Rs 51 billion in solar projects

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According to a report, Moser Baer will invest Rs 51 billion to setup solar projects in India and abroad.

Moser Baer (India) reported a sales turnover of Rs 5.3 billion and a net loss of Rs 620.6 million for the quarter ended Sep ’11

Moser Baer (India) touched an intraday high of Rs 19.55 and an intraday low of Rs 18.50. At 10:27 hrs the share was quoting at Rs 19.10, up Rs 0.85, or 4.66 per cent.

It was trading with volumes of 318,683 shares. In the previous trading session, the share closed down 0.54 per cent or Rs 0.10 at Rs 18.25.

The stock touched its 52-week high Rs 64.45 and 52-week low Rs 18.15 on 31 Dec, 2010 and 07 Dec, 2011, respectively. Currently, it is trading -70.36 per cent below its 52 week high and 5.23 per cent above its 52 week low. Market capitalisation stands at Rs 3.21 billion.

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