📈 SJVN Share Price Surges by 4% in Recent Business Session
Government-owned SJVN is making waves in the business world with its increasing share price. Recently, Prime Minister Narendra Modi dedicated four projects worth a total of 5,515 crore rupees to the nation through online mode from Adilabad, Telangana. Three projects are located in Uttarakhand, Uttar Pradesh, and Assam states. SJVN stock was trading at 125.65 rupees with a strong profit recovery seen in the company’s shares.
In Wednesday’s trading session, SJVN stock was trading at 118.55 rupees, down 2.19% on March 6, 2024. On Thursday (March 7, 2024), the share was trading at 119 rupees, down 0.21%.
Projects inaugurated by Modi include the 60 MW Natwar Mori Panbijli Bijli Ghar in Uttarakhand, 75 MW Pravesh Saur Urja Station, 75 MW Gurha Saur Urja Kendra, and 50 MW Gujrai Saur Urja Kendra in Uttar Pradesh. Additionally, three projects of SJVN were also laid foundation by the Prime Minister, including the 382 MW Sunni Bandh Jalvidyut Project, 15 MW Nangal ‘Floating’ Solar Energy Project in Himachal Pradesh, and the 70 MW Solar Energy Project in Assam.
Public sector energy producer SJVN stated that these projects will contribute to achieving their goal of zero carbon emissions by 2070. In the trading session yesterday, SJVN stock was trading at 125.65 rupees, up by 4%. Over the past six months, the company’s shares have given investors a 90% return. In the last year, the company’s shares have provided a 280% return to its investors.
As of December 2023, the promoter held an 81.85% stake in the company’s share capital. The Indian government also had a 55% stake in the company, with 2,16,13,45,449 shares. Public investors also held an 18.15% stake in the company.
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