SJVN Green Energy Ltd forms JV company

SJVN Ltd's wholly owned subsidiary SJVN Green Energy Limited has incorporated a Joint Venture Company with Assam Power Distribution Company Limited named "SGEL Assam Renewable Energy Limited" vide Certificate of Incorporation dated 18th April 2024 issued by the Ministry of Corporate Affairs, Government of India.

The Joint Venture Company shall carry out business in the field of Power Generation from all renewable energy sources including Hydro Power by setting up power plants.

The approvals were taken from authorities like NITI Aayog, DIPAM (Department of Investment and Public Asset Management), Ministry of Finance, Ministry of Power, Government of India etc.

Shares of SJVN Limited was last trading in BSE at Rs. 124.20 as compared to the previous close of Rs. 127.85. The total number of shares traded during the day was 1296705 in over 7673 trades.

The stock hit an intraday high of Rs. 126.65 and intraday low of 122.60. The net turnover during the day was Rs. 162057013.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 SJVNGreenEnergy ElectricUtilities JVCompany AssamPowerDistributionCompany SGELAssamRenewableEnergy