Stock Report

SJVN Green Energy Ltd commissions 100 MW Raghanesda Solar Power Project

Posted On : 2024-02-27 23:24:13( TIMEZONE : IST )

SJVN Green Energy Ltd commissions 100 MW Raghanesda Solar Power Project

SJVN Ltd's Wholly Owned Subsidiary of the Company i.e., SJVN Green Energy Limited ("SGEL") has commissioned 100 MW Raghanesda Solar Power Project located in district Banaskantha, Gujarat.

SGEL has bagged this 100 MW Solar Power Project at a tariff of ₹2.64 per unit through Competitive Tariff bidding conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). Power Purchase Agreement for the same has been signed with GUVNL for 25 years.

Cost of Construction / Development of this project is ₹642 Crores. The project will generate 252.3 MUs in the first year and the estimated cumulative energy generation over a period of 25 years shall be 5,805 MUs.

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. 122.30 as compared to the previous close of Rs. 120.10. The total number of shares traded during the day was 1545328 in over 8927 trades.

The stock hit an intraday high of Rs. 125.25 and intraday low of 121.10. The net turnover during the day was Rs. 189091491.00.

Source : Equity Bulls


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