SJVN inches up on getting in-principle approval for setting up of 400MW solar park
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SJVN is currently trading at Rs. 28.25, up by 0.10 points or 0.36% from its previous closing of Rs. 28.15 on the BSE.
The scrip opened at Rs. 28.65 and has touched a high and low of Rs. 28.65 and Rs. 27.90 respectively. So far 37022 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. 29.60 and Rs. 27.15 respectively. The current market cap of the company is Rs. 11062.37 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 received in-principle approval from Ministry of New and Renewable Energy, Government of India for development of 400MW Solar park at District Kinnaur under Mode-8 of the Solar Park Scheme.
These projects 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).
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