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SJVN gets nod to raise funds through private placement

12 Jan 2021 Evaluate

SJVN has received approval from board of directors to raise funds through issue of unsecured/secured non-convertible bonds/debentures through private placement, up to an amount of Rs 2,000 crore, in one or more tranches. The funds will actually be raised, from time to time, with the approval of Competent Authority as per powers delegated in this regard, by the Board of Directors of the Company.

SJVN is engaged in hydroelectric power generation originally established as a joint venture between the government and the state government of Himachal Pradesh to develop and operate the Nathpa Jhakri Hydro Power Station (NJHPS).

Peers
Company Name CMP
NTPC 327.55
Tata Power 366.50
Adani Power 204.40
Power Grid Corpn. 265.60
Adani Energy Solut. 1361.40
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