This PSU firm, which made its cash 2.5 occasions in 1 yr, acquired an enormous photo voltaic mission, there can be an funding of Rs 7436 crore – India TV Hindi

SJVN Share Information: SJVN Inexperienced Vitality, a subsidiary of state-owned energy technology firm SJVN, has acquired photo voltaic tasks with a capability of 1,352 MW. There can be an funding of Rs 7,436 crore on this. SJVN has acquired mission allotment letters to develop tasks with a capability of 1,352 MW, the corporate stated in a press release. These tasks can be developed by SJVN Inexperienced Vitality Ltd.

There can be funding of Rs 7436 crore

SJVN Chairman and Managing Director Geeta Kapoor stated tasks with a capability of 1,352 MW can be developed in Maharashtra’s Nashik, Solapur, Ahmednagar and Pune beneath Mukhyamantri Photo voltaic Krishi Vahini Yojana 2, information company PTI reported. SJVN Inexperienced Vitality Ltd. has been awarded the tasks by aggressive bidding course of within the tender of MSEB Agro Energy Restricted, Maharashtra. The entire funding on improvement of those solar energy tasks can be roughly Rs 7,436 crore.

Cash elevated 2.5 occasions in a single yr

SJVN is among the few shares that has grown traders’ cash 2.5 occasions within the final one yr. Within the final one yr, the inventory has given a return of 264 p.c to traders. The inventory has given a destructive return of 89 p.c within the final six months and 19 p.c within the final one month. Within the monetary yr 2022-23, the corporate had an revenue of Rs 2,938 crore and through this era the corporate had made a revenue of Rs 1,359 crore. Speaking concerning the December quarter, the corporate had recorded an revenue of Rs 543 crore throughout this era and from October to December the corporate had made a revenue of Rs 139 crore.

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