India's Ausom Enterprise rises on solar project agreement

AuSom Enterprise

12/11/2024 06:20

** Shares of Ausom Enterprise  AUSM.NS  rise an
exchange-allowed maximum of 5% at 104.93 rupees
    ** Co received a letter of intent (LoI) from Gujarat Urja
Vikas Nigam for procurement of power
    ** LoI to supply solar photovoltaic power under a 25-year
agreement at a tariff of 2.55 rupees per kWh 
    ** Stock set to snap seven-session losing streak
    ** AUSM up ~57% YTD

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))