SJVN shines as its arm inks term loan documents to get Rs 6,333.40 crore loan
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SJVN is currently trading at Rs. 28.90, up by 0.40 points or 1.40% from its previous closing of Rs. 28.50 on the BSE.
The scrip opened at Rs. 28.30 and has touched a high and low of Rs. 29.05 and Rs. 28.30 respectively. So far 43883 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. 30.80 and Rs. 28.25 respectively. The current market cap of the company is Rs. 11199.92 crore.
The promoters holding in the company stood at 86.77%, while Institutions and Non-Institutions held 7.14% and 6.09% respectively.
SJVN’s wholly-owned subsidiary -- SJVN Arun-3 Power Development Company has inked term loan documents to get Rs 6,333.40 crore loan from a consortium of banks from India and Nepal for funding of its Arun-3 power project in Nepal.
The consortium, led by SBI India and PNB, have Exim Bank, Canara UBI & Everest Bank, Nepal & Nabil Bank, Nepal as consortium members. SJVN is implementing the 900-MW Arun-3 hydroelectric project in Nepal through SJVN Arun-3 Power Development Company. The project is in an advanced stage of construction and is targeted to be completed in the financial year 2023-24.
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).
