SJVN Delivers Power-Packed Performance
Company reports exceptionally high plant load factor to become the most profitable public sector undertaking.
Company reports exceptionally high plant load factor to become the most profitable public sector undertaking.
The PSU stock has fallen over 26% in the last one month as investors booked profit after the counter touched its 52-week high of ₹170.45 on February 5, 2024.
Following the award of 700 MW capacity from SJVN , JSW Energy's total locked-in capacity increases to 11 GW, comprising 1.4 GW of solar capacity.
SJVN recorded a 51.64% decline in Q3 FY24 profit year-on-year at ₹138.9 crore, while its revenue dipped 1.58% at ₹543.3 crore
The PSU stock touched a new all-time high of ₹170.45 on February 5, rebounding 460% from its 52-week low of ₹30.39 touched on March 27, 2023.
The project is expected to generate about 252 million units in its first year of commissioning and the cumulative energy generation over a period of 25 years would be about 5,866 million units.
SJVN’s green energy arm receives a letter of intent from Punjab State Power Corporation for procurement of 1,200 MW solar power