SJVN surges as its arm begins commercial operations of 78.23 MW capacity at Bikaner solar project
SJVN is currently trading at Rs. 104.31, up by 5.94 points or 6.04% from its previous closing of Rs. 98.37 on the BSE.
The scrip opened at Rs. 98.39 and has touched a high and low of Rs. 105.00 and Rs. 98.39 respectively. So far 1771454 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.60 on 26-Jul-2024 and a 52 week low of Rs. 80.50 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 105.00 and Rs. 92.09 respectively. The current market cap of the company is Rs. 40995.62 crore.
The promoters holding in the company stood at 81.85%, while Institutions and Non-Institutions held 6.69% and 11.47% respectively.
SJVN’s wholly owned subsidiary-- SJVN Green Energy (SGEL) has successfully achieved Commercial Operation Date (COD) of 78.23 MW capacity of 1000 MW Bikaner Solar Power Project on May 15, 2025.
The project, with a total planned capacity of 1000 MW, is slated for full commissioning by the third quarter of 2025. Upon completion, SGEL will supply the generated solar power to Rajasthan, Jammu & Kashmir and Uttarakhand. The project, located in Bikaner district of Rajasthan, is being developed under the Central Public Sector Undertaking (CPSU) Scheme Phase II, Tranche III of the Ministry of New and Renewable Energy (MNRE).
It is being implemented under the Domestic Content Requirement (DCR) mode, thereby providing a significant impetus to the government's Make in India initiative and bolstering the indigenous solar manufacturing sector. The 1000 MW project is poised to make a substantial contribution to India's target of achieving 500 GW of non-fossil fuel capacity by 2030 and also aligns with SJVN's shared vision of becoming a 25,000 MW company by 2030 and 50,000 MW by 2040.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
