SJVN trades higher on the BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
SJVN is currently trading at Rs. 75.30, up by 1.09 points or 1.47% from its previous closing of Rs. 74.21 on the BSE.
The scrip opened at Rs. 74.03 and has touched a high and low of Rs. 75.80 and Rs. 73.12 respectively. So far 1229426 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 83.69 on 20-Sep-2023 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. 77.70 and Rs. 71.52 respectively. The current market cap of the company is Rs. 29512.76 crore.
The promoters holding in the company stood at 81.85%, while Institutions and Non-Institutions held 6.64% and 11.51% respectively.
SJVN has issued a Letter of Award (LoA) to EKI Energy Services for Registration, Issuance and Purchase / Trading of International Renewable Energy Certificates (IRECs) Mechanism for 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS).
The I-REC, an International Renewable Energy Certificate, represents transferable proof that one MWh (1,000 units) of electricity was produced from renewable energy sources and added to an electrical grid. Purchasing an I-REC allows the buyer to claim consumption of one MWh of renewable energy. I-RECs can originate from wind, solar, ocean energy, biomass, hydropower, landfill gas, aerothermal, geothermal, and landfill gas projects. This will have significant impact on Environment as it will lead to reduction in Carbon Emissions.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
