This state-owned power generation stock has zoomed 100% in 3 months
Shares of SJVN rallied 14 per cent to hit a new high of Rs 73 on the BSE in Monday’s intra-day trade as trading volumes jumped over four times as against the 2-week average.
The gains came after the company signed a power purchase agreement (PPA) with Bhakra Beas Management Board (BBMB) for developing a solar project.
The company signed the agreement via its wholly owned subsidiary SJVN Green Energy for a 18 MW solar power project. The project, which is scheduled to be commissioned by August 2024, will be developed on the land parcels of BBMB in the states of Himachal Pradesh & Punjab.
