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SJVN shares zoom 13% on getting Rs 14,000 crore Mizoram mission

admin by admin
July 26, 2024
in Business
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SJVN shares zoom 13% on getting Rs 14,000 crore Mizoram mission
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Shares of PSU energy inventory SJVN on Friday rallied over 13% to the day’s excessive of Rs 159.60 on BSE after receiving a Letter of Intent for allotment of Darzo Lui pumped storage mission from the Mizoram authorities.

“With an put in capability of two,400 MW, the Pumped Storage Challenge has been proposed throughout Darzo Nallah, a tributary of Tuipui river. The estimated value of mission on completion is Rs 13,947.50 crores together with IDC & Financing prices at April 2023 Worth Stage. That is the primary mission of the corporate within the state of Mizoram,” SJVN stated in a regulatory submitting.

Comprising eight models of 300 MW every, the Darzo Lui Pumped Storage Challenge is an On-stream Closed Loop Kind pumped storage mission.

The annual vitality era with 95% plant availability shall be 4,993.20 MU. The annual enter vitality required for pumping water to the higher reservoir has been estimated to be 6,331.66 MU with 95% plant availability. The mission is proposed to be accomplished inside 72 months.

The settlement shall be signed inside three months between SJVN and the Authorities of Mizoram, the corporate stated.SJVN shares have seen a leap of 170% within the final yr. The Miniratna firm is a three way partnership between the central authorities and the Himachal Pradesh authorities. Trendlyne information reveals that out of 4 analysts with protection on the inventory, 2 of them have purchase scores and one other 2 have promote calls on the multibagger.(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t signify the views of The Financial Instances)



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