SJVN gains on inking agreement with Kalpataru Power Transmission
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SJVN is currently trading at Rs. 28.30, up by 0.15 points or 0.53% from its previous closing of Rs. 28.15 on the BSE.
The scrip opened at Rs. 28.15 and has touched a high and low of Rs. 28.35 and Rs. 28.15 respectively. So far 17701 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. 25.45 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 28.85 and Rs. 28.00 respectively. The current market cap of the company is Rs. 11082.02 crore.
The promoters holding in the company stood at 86.77%, while Institutions and Non-Institutions held 6.35% and 6.88% respectively.
SJVN has entered into an agreement for the construction of a 220 KV D/C (direct current) single zebra transmission line for 210 MW Luhri Hydro Electric Project Stage-1 with Kalpataru Power Transmission.
This hydroelectric project which is spread over Shimla, Mandi and Kullu districts of Himachal Pradesh will be connected with 220/400 KV GIS pooling at Nanj in Mandi district via ISTS network for power transmission. The agreement envisages an expenditure of Rs 71.18 crore and it includes end-to-end delivery of commissioned transmission line by August 2024.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
