Spandana, RInfra, Newgen among 685 stocks to hit lower circuit on the BSE

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Spandana, RInfra, Newgen among 685 stocks to hit lower circuit on the BSE - Business Standard

Quick Summary:

KPI Green Energy, Sterling & Wilson Renewable Energy, Jai Corp, PTC Industries and GMR Power & Urban Infra from the BSE A group were locked at the lower circuits in intra-day deals on Monday.

The company undertakes EPC contracts for construction of solar power projects across geographies which stipulates timelines for the completion of the project as per the agreed schedule and cost.

The company's management reiterated their commitment to reaching their aspirational goal of $500 million in revenue within the next 3-4 years, leveraging growth momentum in mature markets.