Tag: SJVN

SJVN shares tanked 9% in early trade on September 21 after the government launched an OFS for up to 4.92% equity stake at a deeply discounted floor price of Rs 69 per share, a 15% discount to the previous closing price. The OFS opens for non-retail investors on September 21 and for retail investors on September 22.

SJVN's share price rose to a 52-week high after its green energy arm signed a deal to develop an 18 MW solar power project. The project is expected to generate 39.42 million units of energy in the first year and 917 million units over 25 years. SJVN plans to install over 10,000 MW of renewable energy capacity in three years.