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SJVN trades higher as its arm starts commissioning of 75MW Solar Power Project in Uttar Pradesh

25 Oct 2022 Evaluate

SJVN is currently trading at Rs. 32.80, up by 0.45 points or 1.39% from its previous closing of Rs. 32.35 on the BSE.

The scrip opened at Rs. 32.60 and has touched a high and low of Rs. 32.95 and Rs. 32.20 respectively. So far 174943 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.95 on 06-Oct-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. 32.95 and Rs. 30.75 respectively. The current market cap of the company is Rs. 12830.78 crore.

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

SJVN’s wholly owned subsidiary -- SJVN Green Energy has started commissioning of its 75MW Solar Power Project located at Tehsil Kalpi, District Jalaun near Kanpur, Uttar Pradesh. The complete 75 MW capacity shall be commissioned by the end of this month i.e., October 30, 2022.

The project shall generate 168.34 Million Units (MUs) in the 1st year and the project cumulative energy generation over a period of 25 years would be about 3919 MUs. This would help in annual enhancement of revenue to the tune of approximately 45.11 crore which would enhance the top and bottomline of balance sheet. The Power Purchase Agreement (PPA) for the same has been signed with Uttar Pradesh Power Corporation (UPPCL) for 25 years.

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

SJVN Share Price

78.64 2.22 (2.90%)
17-Apr-2026 16:59 View Price Chart
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