SJVN gains as its arm gets LoI from GUVNL for 200 MW solar project
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SJVN is currently trading at Rs. 126.50, up by 1.70 points or 1.36% from its previous closing of Rs. 124.80 on the BSE.
The scrip opened at Rs. 128.05 and has touched a high and low of Rs. 130.80 and Rs. 125.00 respectively. So far 2615117 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.45 on 05-Feb-2024 and a 52 week low of Rs. 30.39 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 130.80 and Rs. 98.05 respectively. The current market cap of the company is Rs. 49417.17 crore.
The promoters holding in the company stood at 81.85%, while Institutions and Non-Institutions held 7.65% and 10.51% respectively.
SJVN’s renewable arm -- SJVN Green Energy (SGEL) has received the Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for 200 MW Solar Project in GUVNL Phase–XXIII. The project is expected to generate 508.40 million units in the 1st year after commissioning and the projected cumulative energy generation over a period of 25 years would be about 11698.16 million units. Commissioning of this Project is expected to reduce 573210 Tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission.
The company is on rapid progression to achieve its Shared Vision of 25000 MW by 2030 & 50000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
