SJVN surges on bagging 100 MW Grid Connected Solar PV Power Project
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SJVN is currently trading at Rs. 30.20, up by 0.80 points or 2.72% from its previous closing of Rs. 29.40 on the BSE.
The scrip opened at Rs. 30.50 and has touched a high and low of Rs. 30.60 and Rs. 30.05 respectively. So far 80479 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. 21.85 on 05-Nov-2020.
Last one week high and low of the scrip stood at Rs. 30.60 and Rs. 28.40 respectively. The current market cap of the company is Rs. 11553.60 crore.
The promoters holding in the company stood at 86.77%, while Institutions and Non-Institutions held 7.46% and 5.77% respectively.
SJVN has bagged 100 MW Grid connected Solar PV Power Project from Punjab State Power Corporation (PSPCL) through Tariff based Competitive Bidding Process, on Build Own and Operate (BOO) basis through e Reverse Auction (e-RA) at a tariff of Rs 2.69 per unit.
The tentative cost of Construction of this project is Rs 545 crore. The project is expected to generate 245.28 MU in the first year, while the cumulative energy generation over a period of 25 years would be around 5643.52 MU. The Power Purchase Agreement (PPA) shall be signed between PSPCL and SJVN for 25 years.
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).
