Low PE stock under Rs 50: This power company receives multiple orders worth Rs 2,600 crore!
The company portfolio now stands at 47,279 MW.
SJVN Ltd informed that the company has obtained a 200 MW grid-connected solar power project in Khavda Solar Park through an e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited (“GUVNL”). This solar project shall be developed by the Company in Khavda Solar Park, Gujarat. The project is worth Rs 1200 crore.
Additionally, the company has, through its wholly owned subsidiary SJVN Green Energy Limited (“SGEL”) received an order from Rajasthan Urja Vikas Nigam Ltd (RUVNL) for setting up of 1,000 MW STU Connected Solar PV Power Plant anywhere in the state of Rajasthan. The project is worth Rs 600 crore.
Furthermore, the company has received a Request for Selection (RfS) floated by Gujarat Urja Vikas Nigam Ltd. (GUVNL) for setting up of 500 MW STU/CTU Connected Wind Power Plant anywhere in India. The project is worth Rs 800 crore.
SJVN is engaged in the business of electricity generation. The company is also engaged in the business of providing consultancy for hydropower projects. With the allocation of this Project, the project portfolio of the company is now 47,279 MW.
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The company has been maintaining a healthy dividend payout of 58.4 per cent. This power company has a market cap of over 14,000 crore with a 3-year CAGR of 21 per cent. The stock has a PE of 10.80x whereas the sectoral PE is 22x.
Today, shares of SJVN Ltd climbed 1.02 per cent to Rs 37.9 with an intraday high of Rs 38.66 and an intraday low of Rs 37.86. Investors should keep an eye on this mid-cap power company.
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