SJVN Ltd achieves financial closure for 66 MW Dhaulasidh REP

SJVN Ltd has achieved financial closure by signing of loan agreement amounting to 494.00 Crores with Himachal Pradesh State Co-Operative Bank for development of 66 MW Dhaulasidh REP ("DSHEP") coming under Hamirpur and Kangra District of Himachal Pradesh.

The project has already commenced its construction activities since May 2021 and moving fast forward to generate 304 Million unit in a 90% dependable year of clean Hydro Power from FY 2025-26 with levelized tariff of 4.46/Kwh. The total project cost of 688 Crores of DSHEP has to be financed through a Debt Equity Ratio of 80:20.

Shares of SJVN Limited was last trading in BSE at Rs. 28.95 as compared to the previous close of Rs. 28.45. The total number of shares traded during the day was 2558499 in over 3861 trades.

The stock hit an intraday high of Rs. 29.20 and intraday low of 28.20. The net turnover during the day was Rs. 73518442.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 LoanAgreement FinancialClosure 66MW DhaulasidhREP HimachalPradesh