SJVN shines as his arm writes term loan documents to secure loan of Rs 6,333.40 crore | Kiran of Udaipur | Latest news from Udaipur

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SJVN is currently trading at Rs. 28.90, up 0.40 points or 1.40% from its previous close of Rs. 28.50 on BSE.

sjvn shines by reporting a tripling of fourth quarter net profit

The certificate opened at Rs. 28.30 and touched a high and a low of Rs. 29.05 and Rs. 28:30 respectively. So far, 43883 shares have been traded over the counter.

BSE Group “A” stock of nominal Rs. 10 touched a 52-week high of Rs. 33.80 on 19-Oct-2021 and a 52-week low of Rs. 24:50 on 12-Apr-2021 .

Last week, the high and low of the certificate stood at Rs. 30.80 and Rs. 28.25 respectively. The current market capitalization of the company is Rs. 11199.92 crores.

Sponsors holding the company amounted to 86.77%, while institutions and non-institutions held 7.14% and 6.09% respectively. SJVN

SJVN’s wholly owned subsidiary – SJVN Arun-3 Power Development Company has signed term loan documents to secure a loan of Rs 6,333.40 crore from a consortium of Indian and Nepalese banks for financing its project Arun-3 energy plant in Nepal.

The consortium, led by SBI India and PNB, has Exim Bank, Canara UBI and Everest Bank, Nepal and Nabil Bank, Nepal as consortium members. SJVN is implementing the 900 MW Arun-3 hydropower project in Nepal through SJVN Arun-3 Power Development Company. The project is at an advanced stage of construction and is expected to be completed in fiscal year 2023-24.

SJVN is engaged in hydroelectric power generation, originally established as a joint venture between the government and the state government of Himachal Pradesh to develop and operate the Nathpa Jhakri Hydroelectric Power Station (NJHPS).

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