SJVN zooms on inking MoU with PFC for financial assistance
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SJVN is currently trading at Rs. 81.19, up by 4.63 points or 6.05% from its previous closing of Rs. 76.56 on the BSE.
The scrip opened at Rs. 75.75 and has touched a high and low of Rs. 83.69 and Rs. 75.05 respectively. So far 3543746 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. 29.90 on 30-Sep-2022.
Last one week high and low of the scrip stood at Rs. 83.69 and Rs. 70.00 respectively. The current market cap of the company is Rs. 31772.39 crore.
The promoters holding in the company stood at 86.77%, while Institutions and Non-Institutions held 5.72% and 7.51% respectively.
SJVN and PFC have signed a Memorandum of Understanding (MoU) for financial assistance to various diversified portfolio of projects including majorly Renewable Energy projects and thermal generation project to be set up at total project cost of about Rs 1,18,826 crore.
The term loan financial assistance is tentatively proposed at 70% of the project cost, which may be increased for renewable energy projects as per project requirements.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
