SJVN surges on planning to invest Rs 60,000 crore to set up hydro projects in Arunachal Pradesh
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SJVN is currently trading at Rs. 29.95, up by 0.30 points or 1.01% from its previous closing of Rs. 29.65 on the BSE.
The scrip opened at Rs. 30.10 and has touched a high and low of Rs. 30.10 and Rs. 29.75 respectively. So far 270885 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. 30.70 and Rs. 28.25 respectively. The current market cap of the company is Rs. 11750.09 crore.
The promoters holding in the company stood at 86.77 % while Institutions and Non-Institutions held 7.46 % and 5.77 % respectively.
SJVN is all set to invest Rs 60,000 crore to harness 5,097 megawatts (Mw) of hydropower in Arunachal Pradesh. The Arunachal Pradesh government has accepted the allotment of five hydroelectric projects having a total capacity of 5,097 Mw to SJVN, for which a memorandum of understanding will be signed shortly. The projects, namely Etalin Hydroelectric Project (HEP) (3,097 Mw), Attunli HEP (680 Mw), Emini HEP (500 Mw), Amulin HEP (420 Mw) and Mihumdon HEP (400 Mw), are located in the Dibang basin of Arunachal Pradesh.
The company has set an ambitious target to achieve an installed capacity of 5,000 Mw by 2023, 12,000 Mw by 2030 and 25,000 Mw by 2040. Earlier this month, the firm had urged the Uttar Pradesh government to allot the company more renewable power projects in the state.
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).
