SJVN Green Energy, a wholly-owned subsidiary of the company, had participated in the tariff-based competitive bidding process conducted by SECI for selection of wind power developers for setting up 1,200 MW grid connected wind power projects in India. It said it bagged 200 MW at a tariff of Rs 3.24 per unit.
SJVN’s base offer represents 2.46 per cent of the total issued and paid-up capital of the company. In an event of oversubscription, SJVN intends to buy additionally up to 9,66,72,961 shares
The stock rose from Rs 31 as on March 28, 2023, to Rs 41 as on June 28, 2023, which translates into an upside of over 31% in a matter of three months. The stock rose more than 14% in a month.