SJVN soars on achieving financial closure for 66 MW Dhaulasidh HEP project
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SJVN is currently trading at Rs. 29.65, up by 0.70 points or 2.42% from its previous closing of Rs. 28.95 on the BSE.
The scrip opened at Rs. 29.15 and has touched a high and low of Rs. 29.80 and Rs. 29.10 respectively. So far 464676 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. 24.55 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 29.80 and Rs. 28.20 respectively. The current market cap of the company is Rs. 11376.76 crore.
The promoters holding in the company stood at 86.77%, while Institutions and Non-Institutions held 6.65% and 6.59% respectively.
SJVN has achieved financial closure by signing of loan agreement amounting to Rs 494.00 crore with Himachal Pradesh State Co-Operative Bank for development of 66 MW Dhaulasidh HEP (DSHEP) coming under Hamirpur and Kangra District of Himachal Pradesh.
The project has already commenced its construction activities since May 2021 and moving fast forward to generate 304 Million unit in a 90% dependable year of clean Hydro Power from FY 2025-26 with levelized tariff of Rs 4.46/Kwh. The total project cost of Rs 688 crore of DSHEP has to be financed through a Debt Equity Ratio of 80:20.
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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