25,000 MW by 2030 and FIIs & DIIs increase stake: This multibagger power generation company bags 1,125 MW solar power project worth Rs 1,100 crore!

Shares of the company grew by more than 250 per cent in the last one year.

SJVN Green Energy Limited (SGEL), a subsidiary of SJVN Limited, has successfully bid for a 200 MW solar power project in Gujarat. This project, part of a larger 1,125 MW solar park, will be developed, owned, and operated by SGEL for 25 years at a cost of around Rs. 1,100 crores. Expected to generate 504 million units in the first year and over 11,732 million units throughout its lifespan, the project will contribute significantly to India's renewable energy goals.

Also read, Intraday Trading vs. Long-Term Investing: Exploring the Risks and Rewards

Recently, SJVN Green Energy Limited (SGEL), has successfully commissioned its 100 MW Raghanesda Solar Power Project in Gujarat. This project, secured through a competitive bidding process, will generate 252.3 million units (MUs) of clean energy in its first year and an estimated 5,805 MUs over its 25-year lifespan.

With a construction cost of Rs 642 crore, the project aligns with the Government of India's vision of achieving 50 per cent energy from non-fossil fuel sources by 2030. This win further strengthens SJVN's commitment to its "Shared Vision" of reaching 25,000 MW of installed capacity by 2030 and 50,000 MW by 2040, contributing significantly to India's clean energy goals.

SJVN is engaged in the business of electricity generation. The company is also engaged in the business of providing consultancy for hydropower projects. The shares of the company have multibagger returns of about 200 per cent in the last one year and FIIs and DIIs increased their stake in the company in December 2023 respectively.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.