SJVN bags 75MW grid-connected solar project in Uttar Pradesh

On Friday, SJVN Ltd informed the exchanges that it has received a letter of intent (LOI) for a 75 MW grid-connected solar power project in the state of Uttar Pradesh through tariff-based competitive bidding by Uttar Pradesh New and Renewable Development Agency (UPNEDA). 

SJVN will develop the solar power project at the location identified by UPNEDA i.e. at Parasan, Jalaun district, Uttar Pradesh. The company has quoted a tariff of Rs 2.68/KWh while the power generated from this project will be procured by UPNEDA for 25 years.  

These projects will assist the company in achieving its ambitious shared vision of 5,000 MW by 2023, 12,000 MW by 2030, and 25,000 MW by 2040 and simultaneously, contribute towards the renewable energy capacity addition target of 175 GW by 2022 set by the Government of India.  

Reacting to the news, the shares of SJVN were trading at Rs 27.15, up by 3.62 per cent or Rs 0.95 per share, against a 2 per cent gain in the benchmark index. The 52-week high of the company is recorded at Rs 28.65 while its 52-week low is Rs 19.10 on BSE.      

1 comments on article "SJVN bags 75MW grid-connected solar project in Uttar Pradesh"

Jitendra Joshi

SJVN is one of the best VALUE companies in public sector.

1. SJVN has excellent DIVIDEND history. DIVIDEND as a percentage of share price is much superior to NIFTY/SENSEX dividend return.

2. SJVN has excellent Price/Book-Value ratio as compared to ANY company in NIFTY/SENSEX.

3.SJVN has excellent Price/Earnings Ratio.

4. SJVN has very low DEBT (both short term and long term debt) as compared to Share Holder's Equity.

5. SJVN as most of it's sales tied up with Twenty-Year and other long term Electricity Purchase Agreements with various State Governments.

6. SJVN is predominantly in Clean/Renewable Energy Generation Business.This is a distinct ADVANTAGE going forward.

7. SJVN is poised to at least DOUBLE it's installed Electricity Generation Capacity in comming TWO Years.

8. SJVN is a profitable and one of the most CONSISTENTLY profitable Mini-Ratna company.

9. In today's overvalued stock market, SJVN is one of the very rare companies that is UNDERVALUED.

10.Central and State Government holds more than 86% of outstanding paid-up equity shares of SJVN which gives SJVN a distinct advantage.

5/11/2022 12:47 PM

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