XL Telecom & Energy rose 4.04% to Rs 218 at 14:17 IST on BSE after LDK Solar Company, a leading manufacturer of solar wafers, signed a five year contract to supply multicrystalline solar wafers to XL Telecom & Energy.
XL Telecom announced this during the market hours today, 13 August 2008.
The stock hit a high of Rs 222 and a low of Rs 202.50 so far during the day. The stock had hit a 52-week high of Rs 595 on 31 December 2007 and a 52-week low of Rs 122 on 22 August 2007.
The company has an equity capital of Rs 18.78 crore. Face value per share is Rs 10.
The current price of Rs 218 discounts its Q3 March 2008 annualised EPS of Rs 30.42, by a PE multiple of 7.16.
Under the terms of agreement, LDK Solar will deliver 300 megawatt (MW) of multi crystalline solar wafers over a five-year period to XL Telecom & Energy from the first quarter of 2009 and extending through 2013. This contract will help XL Telecom meet its solar wafer needs to cater to the photovoltaic market in coming years.
XL Telecom & Energy has focus in solar, ethanol and telecom segments and was established in 1985.
The company’s net profit rose 143.8% to Rs 14.14 crore on 27.45 rise in sales to Rs 172.30 crore in Q3 March 2008 over Q3 March 2007.
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