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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????

ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????

+2
shiraz latiff
nilantha suranga
6 posters

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nilantha suranga


Equity Analytic
Equity Analytic

ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ????? Access12

ddrperera, Shiranli and shiraz latiff like this post

shiraz latiff


Equity Analytic
Equity Analytic

AEL Hidden GEM 







Access Engineering PLC, the Balance of Plant (BOP) subcontractor of the Mannar Wind Power Plant, is nearing the completion of the scope of work assigned for this ambitious project which is a flag bearer to drive Sri Lanka to a future of clean renewable energy.

Located in the southern part of Mannar Island, the 100 MW semi-dispatchable wind power plant is expected to supply more than 380 million units of electricity to the national grid annually where electricity from this project can be generated at less than 5 US Cents/kwhr.



Access Engineering PLC (AEL), the foremost civil engineering and construction enterprise in Sri Lanka joined hands with Vestas Asia Pacific A/S as the civil engineering partner of the project playing a major role in the first large-scale wind farm in Sri Lanka.

The project comprises 30 state-of-the-art wind turbines, each rated to 3.45 MW while the total installed capacity of this wind farm is 103.5 MW. This is a culmination of a long-term effort by the CEB to develop wind power in a large-scale manner exploiting the major monsoonal wind systems in Sri Lanka.

The scope of AEL includes the design and construction of turbine foundations, buildings, road networks, cable trenches for medium voltage (MV) cable laying, supply and installation of optical fibre cables, civil works pertaining to bird detection radar system, supply of employer’s project facilities and miscellaneous works/supplies for social safeguard commitments. 

With the Mannar Wind Power Plant project nearing completion, the plant is projected to displace large amounts of fossil fuel base electricity generation, avoiding emissions amounting to 285,000 metric-tons of CO2 to the environment, annually.

The project will also be the first major addition of renewable energy to the national grid, thus complementing the Government initiative to prioritise sustainable clean energy to the national grid.

Shiranli


Equity Analytic
Equity Analytic

nilantha suranga wrote:ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ????? Access12


Two crossing went @ Rs 23 and Rs 23.30 and another crossing pending with Rs 25 broker told 

sakuni


Manager - Equity Analytics
Manager - Equity Analytics

Rumours mentioned that captain  bought AEL @23 and 23.30 with crossings .

blindhog


Senior Equity Analytic
Senior Equity Analytic

CBSL February 2024 Construction PMI report delayed almost two weeks now. this looks really doggie to me. wonder where these pumpers go if they release a bad report.

ddrperera


Vice President - Equity Analytics
Vice President - Equity Analytics

sakuni wrote:Rumours mentioned that captain  bought AEL @23 and 23.30 with crossings .
JB COCO Shell increase their perentage from Rs 21-22  .sure it will reach Rs 25 soon. Very Happy Very Happy

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????

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