SJVN Ltd updates on GUVNL Wind Power Project

SJVN Ltd through its wholly owned subsidiary SJVN Green Energy Limited ("SGEL") participated in the Request for Selection (RfS) floated by Gujarat Urja Vikas Nigam Ltd. ("GUVNL") for setting up of 500 MW STU/CTU Connected Wind Power Plant anywhere in India.

The Company bagged 100 MW @ ?3.17 /Unit on Build Own and Operate (BOO) basis under Open Competitive Tariff bidding process followed by e-Reverse Auction held on 05.05.2023 by GUVNL. The Wind Power Project shall be developed by SJVN/SGEL anywhere in India through EPC contract. With the allotment of this capacity, SJVN's Renewable portfolio now stands at 3,283 MW and are at different stages of implementation.

The cost of Construction / Development of this project shall be approximately ?800 Crores. The project is expected to generate 281 MU in the 1st year and the project cumulative energy generation over a period of 25 years would be about 7,025 MU. The commissioning of this Project is expected to reduce 3,44,255 tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission.

With the allocation of this Project, the project portfolio of the company is now 47,279 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.

Source : Equity Bulls

Keywords

SJVN INE002L01015 SJVNGreenEnergy GujaratUrjaVikasNigam