SJVN acquires Buxar Bijlee Company

05 Jul 2013 Evaluate

Hydro power major SJVN has acquired 100% Equity of Buxar Bijlee Company on July 04, 2013. This development is in terms of memorandum of understanding (MoU) signed by the company with Bihar government for setting up a 1320 MW thermal plant at Buxar in Chausa.

Further, the company has been allocated 486 MT of Coal reserves in the 2102 MT Deocha-Pachami Coal Block located in West Bengal for the purpose of Buxar Thermal Project.

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

111.50 -2.65 (-2.32%)
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