On January 2, 2025, SJVN share price fell by approximately 2%, reaching a low of ₹108.30 at 10:15 AM, after opening at ₹111.45. This decline in SJVN share price followed an 8% increase on January 1, 2025, when the company announced its MoU with the Bihar Government for the development of the 1,000 MW Hathidah Durgawati Pumped Storage Project (PSP) and other PSPs in Bihar.
The project involves plans for the development of the 1,000 MW Hathidah Durgawati Pumped Storage Project and additional PSPs in Bihar. The project’s estimated total cost is ₹5,663 crore, with a levelised tariff of ₹9.39 per kWh, based on a pumping energy rate of ₹3 per kWh using February 2024 price levels.
In Q2 FY25, SJVN reported significant growth in both revenue and profit compared to the same period last year. The company’s revenue increased by 16.84%, while profit showed a modest year-on-year rise of 1.27%. Compared to the previous quarter, SJVN demonstrated strong growth, with revenue rising by 17.91% and profit increasing by 13.88%. This reflects the company’s solid operational performance.
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Published on: Jan 2, 2025, 10:36 AM IST
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