Veer Energy & Infrastructure to consider Bonus Issue

Company has been consistent delivering returns to the shareholders in form of Bonus Shares. In the last seven years, company has announced three bonus issues also company has maintained its investor friendly approach and has maintained its consistent dividend track record thus maintaining a healthy track record of rewarding shareholders in constant basis. On the occasion of celebrating 40 Years of company’s operations, this year on the Diwali Occasion company is recommending bonus shares to the equity shareholders of the company. 

Bonus History

29 July 2009 – 1 : 2

12 Nov 2008 – 14 : 10

17 March 2008 – 9 : 5

Veer energy is leading wind energy developer. From inception, the company has anchored itself on combination of values that propelled and integrated growth. The company focuses on development of infrastructure in the power sector including setting up of wind turbine generators farms and associated infrastructure. Company’s wind farms projects are based in four high wind potential states Gujarat, Rajasthan, Maharashtra, Tamil Nadu.

Mr. Shah said, “Company is pleased to announce its entry into B2C market for providing EPC solutions for installation of solar rooftop projects. Solar Power in India has a huge and untapped potential, with new introduction of NET METERING technology by almost all the states, Company is targeting the solar rooftop market. Company has an objective to play a major role in responding to the growing problem of climate change attributed to greenhouse gas emissions. The company creates value through reliable and efficient generation of non-conventional power through innovation in solar and wind power solutions.”

The immediate aim of the company is to focus on setting up an enabling environment for solar technology penetration in the country both at centralized and decentralized level. Company has installed 30 KW solar roof top projects at its existing factory shed of engineering division at Ahmedabad. Company has received GEDA permission for commissioning the said project under the Gujarat Solar Power Policy, 2015.

With wind under its wings and a number of innovative, projects in the pipeline, company is guided by its philosophy of pursuing social, economic and ecological sustainable development for our planet.  In continuation to this company is in talks with clients from various different fields like industries, factories, housing societies, schools, hostels, etc. proposing to install roof top solar with net metering technology.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.