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SJVN buys land in Rajasthan to set up 1,000 MW solar power project

05 Aug 2022 Evaluate

SJVN has purchased 2,043 acres of land to set up a 1,000 MW solar power project in Bikaner, Rajasthan. The project is scheduled to be commissioned in January 2024. The company through its renewable arm SJVN Green Energy (SGEL) has executed a land registry of about 2,043 acres of land for the development of the project.

In May this year, the company awarded the country's single largest EPC contract for the 1,000 MW solar power project to Tata Power Solar Systems for a total value of Rs 5,491 crore. The 1,000 MW solar power project would generate 2,454.55 million units of electricity.

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

Peers
Company Name CMP
NTPC 330.00
Tata Power 363.30
Adani Power 202.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1346.95
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