SJVN Green Energy Ltd signs Power Usage Agreement with JKPCL

SJVN Ltd's Wholly Owned Subsidiary of the Company i.e., SJVN Green Energy Limited ("SGEL") has signed the Power Usage Agreement (PUA) with Jammu & Kashmir Power Corporation Limited (JKPCL) at Jammu on 23.02.2024 for 300 MW Solar Power Capacity.

Further, this 300 MW power shall be supplied to JKPCL from the under construction 1,000 MW Bikaner Solar project which is being developed under the CPSU Scheme of IREDA at a cost of ₹5,491 Crores. The project is being developed under the Domestic Content Requirement (DCR) mode and is slated for commissioning by July, 2024. Power from this project is for Govt use either directly or through Discom.

The Company is on rapid progression to achieve its Shared Vision of 25,000 MW by 2030 & 50,000 MW 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. 120.10 as compared to the previous close of Rs. 119.00. The total number of shares traded during the day was 2710230 in over 16063 trades.

The stock hit an intraday high of Rs. 127.55 and intraday low of 118.35. The net turnover during the day was Rs. 333325859.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 SJVNGreenEnergy PowerUsageAgreement JKPCL 300MW SolarPower