SJVN shines on commissioning solar power project at Parasan Solar Park in Uttar Pradesh
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SJVN is currently trading at Rs. 40.25, up by 1.40 points or 3.60% from its previous closing of Rs. 38.85 on the BSE.
The scrip opened at Rs. 38.60 and has touched a high and low of Rs. 41.60 and Rs. 38.60 respectively. So far 2026546 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.60 on 28-Nov-2022 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. 41.60 and Rs. 35.05 respectively. The current market cap of the company is Rs. 15876.37 crore.
The promoters holding in the company stood at 86.77%, while Institutions and Non-Institutions held 6.79% and 6.43% respectively.
SJVN has commissioned a 75 MW solar power project at Parasan Solar Park in Uttar Pradesh. With the 75 MW Parasan Solar Power Project achieving commercial operation, the company's installed generation capacity stands at 2,091.5 MW.
The Parasan solar power project was bagged at a tariff of Rs 2.68 per unit on Build Own and Operate basis and has been developed at a cost of Rs 392 crore. The Power Purchase Agreement for the project has been signed with Uttar Pradesh Power Corporation for 25 years.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
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