SJVN jumps on doubling target of installed electricity generation capacity to 50,000 MW by 2040
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SJVN is currently trading at Rs. 31.50, up by 0.55 points or 1.78% from its previous closing of Rs. 30.95 on the BSE.
The scrip opened at Rs. 31.10 and has touched a high and low of Rs. 31.60 and Rs. 30.80 respectively. So far 316815 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. 31.60 and Rs. 30.00 respectively. The current market cap of the company is Rs. 12378.85 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 doubled its target of installed electricity generation capacity to 50,000 MW by 2040. SJVN has upgraded its Shared Vision to 5,000MW by 2023, 25,000 MW by 2030 & 50,000 MW by 2040.
This revision has resulted from addition of multiple projects in its portfolio and an already established repute of successfully operating & implementing Mega Hydro Projects in India & abroad. After hydro, the company has successfully added varied business verticals and forayed into thermal, solar, wind power generation, power transmission and power trading.
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).
