SJVN Share Price Live

"On February 28, The wholly-owned subsidiary, SJVN Green Energy Limited (SGEL), achieved the commissioning of the 100 MW Raghanesda Solar Power Project in Gujarat’s Banaskantha district. SGEL secured the project at a tariff rate of Rs 2.64 per unit through a competitive bidding process conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The total cost of the project is Rs 642 crore, and it is expected to generate 252.3 million units in the first year. Over a span of 25 years, the cumulative energy generation is estimated to reach 5,805 million units."

On February 28, SJVN shares rose by 1 percent to Rs 123.70 in the early trading session after the company’s subsidiary successfully completed a 100 MW solar power project in Gujarat. The wholly-owned subsidiary, SJVN Green Energy Limited (SGEL), achieved the commissioning of the 100 MW Raghanesda Solar Power Project in Gujarat’s Banaskantha district. SGEL secured the project at a tariff rate of Rs 2.64 per unit through a competitive bidding process conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The total cost of the project is Rs 642 crore, and it is expected to generate 252.3 million units in the first year. Over a span of 25 years, the cumulative energy generation is estimated to reach 5,805 million units.

SJVN receives letter of intent for 500 MW Solar Project worth Rs 2,700 crore The Greenshoe option allows Gujarat Urja Vikas Nigam Limited to offer an additional 400 MW capacity, bringing the total potential capacity to 900 MW. SJVN Green Energy Limited (SGEL), a subsidiary of SJVN focused on renewable energy, has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 500 MW solar project. This project is part of GUVNL Phase XXI and was secured by SGEL through tariff-based competitive bidding at a rate of Rs. 2.54 per unit. The project will be built on a Build Own and Operate (BOO) basis at the GIPCL Solar Park in Khavda, Gujarat. The total project cost is estimated at Rs. 2,700 crores. The Greenshoe option allows GUVNL to offer an additional 400 MW capacity to SGEL under the same terms and conditions, bringing the total potential capacity to 900 MW. The final power purchase agreement will be signed after the Gujarat Electricity Regulatory Commission (GERC) approves the tariff. Once operational, the project is expected to be commissioned within 18 months and generate 1,271.07 million units of clean energy in the first year. Over its 25-year lifespan, the project is estimated to generate 29,245.40 million units and reduce carbon emissions by 1,433,025 tonnes. This project aligns with the Government of India’s goal of generating 50% of its energy from non-fossil fuel sources by 2030. SJVN’s shared vision is to achieve 25,000 MW of renewable energy capacity by 2030 and 50,000 MW by 2040. Financial Performance In Q3FY24, the company posted a 1.57% decrease in its consolidated revenue at Rs 543.31 crore compared to Rs 551.99 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 432.88 crore, while the PAT of the company stood at Rs 129.10 crore, from Rs 251.97 crore last year in the same quarter. Business Overview SJVN is engaged in the business of electricity generation. The company is also engaged in the business of providing consultancy for hydro-power projects. Stock Price Movement Today, the stock opened at Rs 111.70, with a high and low of Rs 114.35 and Rs 98.80, respectively. The stock closed trading at Rs 101.20, which decreased by 10.00%. The stock has a 52-week high of Rs 170.45 and a 52-week low of Rs 30.39. The stock has shown impressive growth, and investors should keep a close eye on this stock. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.