SJVN rises on getting nod to monetize partial earnings of NJHPS
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SJVN is currently trading at Rs. 28.55, up by 0.25 points or 0.88% from its previous closing of Rs. 28.30 on the BSE.
The scrip opened at Rs. 28.50 and has touched a high and low of Rs. 28.75 and Rs. 28.40 respectively. So far 147522 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. 25.35 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 29.15 and Rs. 27.90 respectively. The current market cap of the company is Rs. 11239.21 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 received approval for the proposal of monetization of partial earnings of the Natha Jhakri Hydro Power Station (NJHPS) through securitization of its future revenues. The board of directors at their meeting held on August 12, 2022 has approved the same.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
