PFC and SJVN Ltd sign MOU for financial assistance to projects

PFC and SJVN Ltd have signed a Memorandum of Understanding ("MOU") for financial assistance to various diversified portfolio of projects including majorly Renewable Energy projects and thermal generation project to be set up at total project cost of about ₹1,18,826 Crore.

The term loan financial assistance is tentatively proposed at 70% of the project cost, which may be increased for renewable energy projects as per project requirements.

Shares of Power Finance Corporation Limited was last trading in BSE at Rs. 287.50 as compared to the previous close of Rs. 279.50. The total number of shares traded during the day was 806456 in over 9156 trades.

The stock hit an intraday high of Rs. 288.60 and intraday low of 278.70. The net turnover during the day was Rs. 229207297.00.

Shares of SJVN Limited was last trading in BSE at Rs. 76.56 as compared to the previous close of Rs. 75.40. The total number of shares traded during the day was 6393360 in over 24579 trades.

The stock hit an intraday high of Rs. 80.90 and intraday low of 73.70. The net turnover during the day was Rs. 497621717.00.

Source : Equity Bulls

Keywords

PowerFinanceCorporation INE134E01011 PFC SJVN INE002L01015 FinancialAssistance Projects