Veer Energy & Infrastructure has entered 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, the company is targeting the solar rooftop market. This consumer friendly policy is having huge potential in the market, as it has various advantages to retail consumers.
To begin with, the company has installed 30 KW solar roof top projects at its existing factory shed of engineering division at Ahmedabad. It has received GEDA permission for commissioning the said project under the Gujarat Solar Power Policy, 2015. This 30 KW project is expected to produce power up to 45000 units per year.
Shares of the company declined Rs 0.65, or 2.13%, to trade at Rs 29.85. The total volume of shares traded was 47,966 at the BSE (2.53 p.m., Monday).