SJVN achieves financial closure of Luhri-1 Hydro Project and Parasaran Solar Project

4 Mar 2022 , 09:24 AM

SJVN Limited has achieved financial closure for 210 MW Luhri-1 Hydro Electric Project (Luhri HEP), Himachal Pradesh and 75 MW Parasaran Solar Power Project in Uttar Pradesh.

As per the Loan Agreement, the State Bank of India will provide Rs1537 crore at an effective interest rate of 6.90% per annum and Punjab National Bank, Dubai will provide Rs.319.04 crores for Luhri HEP and Parasaran Projects respectively, company said in a filing on Thursday.

At around 9.25 am, SJVN Ltd was trading at Rs28.95 per share down by Rs0.05 or 0.17% from its previous closing of Rs29 per share on the BSE.

The scrip opened at Rs29 and has touched a high and low of Rs29 and Rs28.60 respectively.