Stock Report

SJVN Green Energy Ltd bags 100MW order

Posted On : 2023-05-05 22:46:50( TIMEZONE : IST )

SJVN Ltd through its wholly owned subsidiary SJVN Green Energy Limited ("SGEL") participated in the Request for Selection (RfS) floated by Rajasthan Urja Vikas Nigam Ltd. ("RUVNL") for setting up of 1,000 MW STU Connected Solar PV Power Plant anywhere in the state of Rajasthan.

The Company bagged 100 MW @ ₹2.62/Unit on Build Own and Operate (BOO) basis under Open Competitive Tariff bidding process followed by e-Reverse Auction on 04.05.2023 by RUVNL. With the allotment of this capacity, SJVN's Renewable portfolio in the Rajasthan State has reached to 1,100 MW which includes 1,000 MW Bikaner Solar Project which is in advance stage of commissioning.

The cost of Construction / Development of this project shall be approximately 600 Crores. The project is expected to generate 252 MU in the 1st year and the project cumulative energy generation over a period of 25 years would be about 5,866 MU. The commissioning of this Project is expected to reduce 2,87,434 tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission.

SJVN's Renewable Project Portfolio now stands at 3,183 MW and same are at different stages of implementation. With the allocation of this Project, the project portfolio of the company is now 47179 MW.

Shares of SJVN Limited was last trading in BSE at Rs. 37.59 as compared to the previous close of Rs. 37.41. The total number of shares traded during the day was 2241178 in over 5209 trades.

The stock hit an intraday high of Rs. 39.28 and intraday low of 36.51. The net turnover during the day was Rs. 84684886.00.