SJVN gains on bagging 100 MW Grid connected Solar Power Project in Gujarat
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SJVN is currently trading at Rs. 27.80, up by 0.30 points or 1.09% from its previous closing of Rs. 27.50 on the BSE.
The scrip opened at Rs. 27.95 and has touched a high and low of Rs. 28.00 and Rs. 27.65 respectively. So far 275158 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.80 on 19-Oct-2021 and a 52 week low of Rs. 24.50 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 29.10 and Rs. 27.45 respectively. The current market cap of the company is Rs. 10964.13 crore.
The promoters holding in the company stood at 86.77%, while Institutions and Non-Institutions held 7.14% and 6.09% respectively.
SJVN has secured 100 MW Grid connected Solar Power Project in Gujarat through Tariff Based Competitive Bidding conducted by Gujarat Urja Vikas Nigam (GUVNL). The Project will generate 245.28 million units energy annually and the cumulative energy generation over a period of 25 years will be 6132 million units approximately. Further, the energy generated from this Project will be procured by GUVNL for 25 years and Power Purchase Agreement between SJVN and GUVNL will be signed shortly.
The tentative cost of Project development will be Rs 500 crore. This project will assist SJVN in achieving its ambitious shared vision of 5000 MW by 2023, 25000 MW by 2030 and 50000 MW by 2040 and simultaneously contribute towards RE capacity addition target of 500 GW by 2030 set by Government of India.
SJVN is engaged in hydroelectric power generation originally established as a joint venture between the government and the state government of Himachal Pradesh to develop and operate the Nathpa Jhakri Hydro Power Station (NJHPS).
