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The company said that the Project will be commissioned within 18 months of signing the PPA (power purchase agreement).
SJVN shares closed 16.45% from the previous close on the National Stock Exchange (NSE), closing at ₹117.85. The PSU stock has produced multibagger gains of 243% during the past year.
The agreements with RUVITL are for a duration of 25 years, securing the supply of a cumulative 600 MW Solar Power.
The company stated that its overall locked-in capacity grew to 11.0 Gigawatt, comprising 1.4 GW of solar power
The project, under the Domestic Content Requirement (DCR) mode, is set for commissioning by July 2024.
SJVN Green Energy Limited (SGEL) will develop the ground-mounted solar project.
According to the release, SJVN won the stated capacity of a 100 MW Solar Project at Rs 2.63/Unit.
According to SJVN, the project is scheduled to generate 482 million units in the first year.
According to a regulatory statement, its consolidated net profit for the quarter that ended on September 30, 2022, was Rs 445.44 crore.
The Uttarakhand Power Corporation Limited (UPCL) plans to acquire this power at a tariff of Rs 2.57 per unit from SJVN's 1,000 MW Bikaner Solar Project.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.