SJVN jumps on bagging 200 MW solar power project from MSEDCL

SJVN is currently trading at Rs. 40.95, up by 1.70 points or 4.33% from its previous closing of Rs. 39.25 on the BSE.

The scrip opened at Rs. 40.60 and has touched a high and low of Rs. 42.25 and Rs. 40.60 respectively. So far 1326271 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs.

sjvn shines on reporting 3 fold jump in q4 net profit
sjvn shines on reporting 3 fold jump in q4 net profit

10 has touched a 52 week high of Rs. 42.25 on 05-Dec-2022 and a 52 week low of Rs. 25.45 on 26-May-2022.

Last one week high and low of the scrip stood at Rs. 42.25 and Rs. 38.40 respectively. The current market cap of the company is Rs. 16131.81 crore.

The promoters holding in the company stood at 86.77%, while Institutions and Non-Institutions held 6.79% and 6.43% respectively.

SJVN, through its wholly owned subsidiary — SJVN Green Energy, has bagged 200 MW Solar Power Project on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company (MSEDCL) through e-RA conducted on December 02, 2022.

The tentative cost of this project is around Rs 1200 crore and the project is expected to generate 455.52 Million Units (MUs) in the 1st Year and the cumulative energy generation over a period of 25 years would be about 10480.82 MUs.

The commissioning of the Project is expected to reduce 513560 tonnes of carbon emission and would contribute in Government of India’s mission of reduction in carbon emission.

SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.

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