SJVN Ltd acquires Buxar Bijlee Company Pvt. Ltd.

SJVN Ltd has acquired Buxar Bijlee Company Private Limited by acquisition of 100% of Equity of the Company on July 04, 2013 in terms of MOU signed with Bihar Government on January 17, 2013 for setting up Green Field 1320 MW (2 x 660 MW) Supercritical Technology Thermal Power Project at Chausa village in Buxar district of Bihar.

The Ministry of Coal communication dated July 03, 2013, has informed that SJVN has been allocated 486 MT of Coal reserves in the 2102 MT Deocha-Pachami Coal Block located in West Bengal for the purpose of Buxar Thermal Project.

Shares of SJVN Ltd. was last trading in BSE at Rs.20.25, up by Rs.0.85 or 4.38%. The stock hit an intraday high of Rs.20.40 and low of Rs.19.75.

The total traded quantity was 1.72 lakhs compared to 2 week average of 1.97 lakhs.

Source : Equity Bulls

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