Government of Arunachal Pradesh allots 5 projects totaling 5097 MW to SJVN Ltd

SJVN Ltd has announced that the Government of Arunachal Pradesh has allotted five projects totaling 5097 MW to the Company. The Projects allocated are 3097 MW Etalin, 680 MW Attunli, 500 MW Emini, 420 MWAmulin and 400 MW Mihumdon.

All the five projects are located in Dibang Basin, which will result in optimal resources utilization and timely completion of projects. The development of these projects will involve an investment of more than Rs. 50,000 crores, while construction of these projects will reduce carbon emission in tune of around 1.1 million tonnes per year.

The Company is committed to achieve 25 GW of generation capacity by end of current decade, more than half of which is bound to come from renewable resources. With a total project portfolio of 55,527 MW, the Company is on rapid progression to achieve its Shared Vision of 5,000 MW by 2023-24, 25,000 MW by 2030 and 50,000 MW Company by 2040. This shared vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.

Shares of SJVN Limited was last trading in BSE at Rs. 57.14 as compared to the previous close of Rs. 50.10. The total number of shares traded during the day was 6555979 in over 17858 trades.

The stock hit an intraday high of Rs. 59.80 and intraday low of 52.65. The net turnover during the day was Rs. 370435009.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 ArunachalPradesh Government NewProjects 5097MW