SJVN gains on plan to form joint venture for mining coal block in West Bengal

09 Jan 2015 Evaluate

SJVN is currently trading at Rs. 25.60, up by 0.45 points or 1.79% from its previous closing of Rs. 25.15 on the BSE.

The scrip opened at Rs. 25.60 and has touched a high and low of Rs. 25.90 and Rs. 25.50 respectively. So far 73,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.65 on 22-May-2014 and a 52 week low of Rs. 19.90 on 18-Feb-2014.

Last one week high and low of the scrip stood at Rs. 25.90 and Rs. 24.30 respectively. The current market cap of the company is Rs. 10,589.00 crore.

The promoters holding in the company stood at 89.97% while Institutions and Non-Institutions held 6.54% and 3.49% respectively.

Satluj Jal Vidyut Nigam (SJVN) has signed a Joint Venture Agreement (JVA) with six state power generating companies belonging to West Bengal, Bihar, Uttar Pradesh, Punjab, Karnataka and Tamil Nadu for formation of a JV Company for mining coal from Deocha Pachami-Dewanganj Horisingha Coal Block located in Birbhum district of West Bengal State.

The coal mined from the block would feed to the 1320MW (2*660MW) supercritical thermal power project of SJVN Thermal located at Buxar in Bihar.

SJVN is a joint venture between the Central government and Himachal Pradesh state government. The company owns and operates India’s largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh.

SJVN Share Price

110.05 -1.45 (-1.30%)
23-Dec-2024 13:17 View Price Chart
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