SJVN share surged almost 3% on bagging 100MW solar project in Gujarat

1. SJVN share surged almost 3% on bagging 100MW solar project in Gujarat SJVN share surged almost 3% on bagging 100MW solar project in Gujarat: SJVN: It is one of the biggest hydroelectric force age organizations in India. Notwithstanding, the organization works under the joint endeavor between the Government of India and the State Government of Himachal Pradesh. At first, the organization was known as Nathpa Jhakri Power Corporation, and later it was renamed as Satluj Jal Vidyut Nigam (SJVN). The current CEO of the organization is Nand Lal Sharma. In the interim, on Monday, August seventeenth, the force age organization shares bounced nearly 3% in the securities exchange. The principle explanation behind this is because of the organization packed away an agreement of 100MW sunlight based undertaking in Dholera Solar Park, Gujarat. "The organization took part in an open offering process for 100MW force age in Dholera, Gujarat. The organization needs to produce 100MW limit at Rs. 2.80 per unit on construct possess and work (BOO) premise," said the organization in filling. In addition, the underlying expense of this venture for the force age and improvement worth Rs. 450 crores. The venture will create very nearly 244 MU for every year, while the force buy understanding (PPA) marked between Gujarat Urja Vikas Nigam Limited (GUVNL) and SJVN for just about 25 years. Be that as it may, the 100MW sun oriented venture is relied upon to be finished by March 2022. According to the report, the venture will be finished in two stages with right around 80 km from Ahmedabad, Gujarat. While GUVN building up the venture by means of the open private organization (PPP). Be that as it may, the portions of SJVN Limited detailed a bullish pattern in the financial exchange. It increased 0.50 focuses with a

2. 2.24% expansion and arrived at 22.85 INR. While in BSE, the organization increased 0.50 focuses with a 2.35% expansion and arrived at 22.85 INR. Stock Market August 17th: On Monday, both Sensex and Nifty revealed a bullish pattern in the securities exchange after bearish reports in the last three meetings. The Sensex is exchanging over 37,900 levels and Nifty is exchanging over 11,200 levels in the financial exchange. The Sensex increased 78.63 focuses with a 0.21% expansion and arrived at a 37,955.38 level. While Nifty increased 48.60 focuses with a 0.43% expansion and arrived at 11,227.00 level. On the opposite side, the quantity of coronavirus cases in India arrived at 26,47,663 as of Monday, August seventeenth, and passings arrived at 50,921. In the outskirt advertise, the S&P BSE Smallcap file announced a bullish pattern in the securities exchange on Monday. It increased 95.30 focuses with a 0.69% expansion and arrived at a 13,950.48 level. The S&P BSE Midcap list increased 29.79 focuses with a 0.21% expansion and arrived at a 14,463.32 level. While the Nifty Bank lost 125.80 with a 0.58% abatement and arrived at a 21,564.85 level. Top Gainers on August seventeenth: NTPC, Eicher Motors, Zee Entertainment, Bajaj Auto, and Hero Motocorp are the top gainers in the present financial exchange. Top Losers on August seventeenth: SBI, BPCL, Reliance Industries, Bharti Airtel, and Axis Bank are the top failures in the present securities exchange.