SJVN bags 1000 MW Solar PV Power Project

SJVN has bagged the full quoted capacity of 1000 MW at a Viability Gap Funding (VGF) support of INR 44.72 Lakh per MW by Government of India, through Request for Proposal (RFP) floated by Indian Renewable Energy Development Agency Limited (IREDA).

The tentative cost of Construction and Development of this Project is INR 5500 Crores. The project is expected to generate 2365 MU in the First year and the project cumulative energy generation over a period of 25 years would be about 55062 MU.

These projects will assist SJVN in achieving its ambitious shared vision of 5000 MW by 2023, 12000 MW by 2030 and 25000 MW by 2040 and simultaneously contribute towards RE capacity addition target of 175 GW by 2022 set by Government of India.

Shares of SJVN LIMITED was last trading in BSE at Rs. 27 as compared to the previous close of Rs. 26.85. The total number of shares traded during the day was 1241693 in over 930 trades.

The stock hit an intraday high of Rs. 27.15 and intraday low of 26.85. The net turnover during the day was Rs. 33518950.

Source : Equity Bulls

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