India's SWELECT Energy Systems rises after order wins

Swelect Energy Systems

13/03/2025 04:06

** SWELECT Energy Systems SWEL.NS rises as much as 4.9% to 545 rupees; set for third straight session of gains

** Solar power projects maker secures orders of over 150 MW for solar photovoltaic modules

** No financial details were disclosed

** Additionally, SWEL raised 2.9 bln rupees through Non-Convertible Debentures via private placement, unlocking 2.6 bln rupees in cash collateral

** SWEL last up 4.7%, cutting YTD losses to 48.7%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))