RailTel, SJVN, NHPC shares surge 5% after Navratna upgrade
The market surge reflects renewed investor interest after these state-owned enterprises received the Navratna classification.
The market surge reflects renewed investor interest after these state-owned enterprises received the Navratna classification.
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