Shares of SJVN Ltd are in focus in the present day after the corporate by means of its wholly owned subsidiary SJVN Green Energy Limited (SGEL) inked an influence buy settlement (PPA) with Bhakra Beas Management Board (BBMB). Additionally, India Ratings & Research has affirmed the rankings on Unsecured, Rated, Listed, Redeemable Non-Convertible Debentures issued by the corporate. The score has been affirmed as AA plus with steady ‘outlook’.
The inventory ended 0.90% greater at Rs 64 on Friday towards the earlier shut of Rs 63.43 on BSE. Market cap of the agency rose to Rs 25,150 crore. A complete of 5.65 lakh shares modified palms amounting to a turnover of Rs 3.60 crore on BSE.
The inventory hit a 52 week low of Rs 29.90 on September 30, 2022 and a 52 week excessive of Rs 67.29 on September 4, 2023.
In phrases of technicals, the relative energy index (RSI) of the inventory stands at 65.3, signaling it is buying and selling neither within the overbought nor within the oversold zone. SJVN shares have a beta of 1, indicating common volatility in a 12 months. SJVN shares are buying and selling greater than the 5 day, 20 day, 50 day, 100 day and 200 day shifting averages.
SGEL will develop 18 MW Solar Power for BBMB. The challenge is scheduled to be commissioned by August 2024.
It will generate 39.42 million items (MU) of vitality in its first 12 months of operation, with a cumulative vitality technology of round 917 MU over a interval of 25 years. This challenge can be developed on the land parcels of BBMB in Himachal Pradesh and Punjab.
SJVN Green Energy has secured the challenge by means of open aggressive bidding at a tariff of Rs 2.63 within the e-reverse public sale organised by Punjab Energy Development Agency. Power Purchase Agreement for the ability produced from the challenge has been signed with BBMB for 25 years. Commissioning of this challenge is anticipated to cut back 44,923 tonnes of carbon emission.
SJVN plans to put in over 10,000 MW renewable vitality capability in three years whereas progressing in direction of its shared imaginative and prescient of changing into an organization of 25,000 MW by 2030 and 50000 MW by 2040.
SJVN Limited is engaged within the business of technology of electrical energy and the tariff for energy technology. The firm manufactures and supplies three key services: technology of electrical energy (hydro, wind and photo voltaic), consultancy and transmission. Its businesses embrace thermal energy, hydro energy, wind energy, solar energy, energy transmission, consultancy and energy buying and selling.
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